The following balance sheet information (in $ millions) comes from the Annual Report to Shareholders of Marriott International Inc. for the 2008 fiscal year. (Certain amounts have been replaced with question marks to test your understanding of balance sheets). In addition, you’re provided with the following information from an analysis of Marriott’s financial position at the same date:
Current ratio
1.3296486
Acid-test ratio
0.4074220
Debt-to-equity ratio
5.4514493
Compute the missing amounts (rounded to the nearest $ in millions) in the Marriott balance sheet.
Assets
Current Assets
Cash and equivalent
134
Accounts and notes receivable
?
Inventory
?
Other
355
Total current assets
?
Property and equipment, net
1,443
Intangible assets, net
?
Investments
346
Notes and other receivable, net
988
Other
1,173
Total non-current assets
?
Total Assets
?
Liabilities and shareholderÂ’s Equity
Current liabilities
Accounts payable
704
Accrued payables and accruals
1,196
Total current liabilities
2,533
Long-term debt
?
Total liabilities
?
ShareholderÂ’s Equity:
Class A common stock
5
Additional paid-in capital
3,590
Retained earnings
3,565
Treasury stock/and other
(5,780)
Total ShareholderÂ’s Equity
1,380
Total liabilities and shareholderÂ’s Equity
$8,903
