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Compute the asset turnover for Marriott and Hilton

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Problem - Marriott International Inc. (MAR) and Hilton Wordwide Holdings Inc. (HLT) operate hotels worldwide. The following data (in millions) were adapted from recent financial statements of Marriott and Hilton.

 

Marriott

Hilton

Sales (revenue)

$13,796

$10,502

Average property, plant, and equipment

1,501

9,042

Average intangible assets

2,125

6,900

Required -

1. Compute the asset turnover for Marriott and Hilton. Round to two decimal places.

2. Comment on the asset turnover results from part (1).

Reference no: EM132709546

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