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1、618chapter11ReportingandAnalyzingStockholders’EquityHostMarriottMarriottInternationalSalesrevenue$1,501$8,415Netincome(25)200Totalassets3,8223,207Totalliabilities3,1122,440Commonstockholders’equity710767Instructions(a)ThetwocompaniesweresplitbytheissuanceofsharesofMarriottInternationaltoa
2、llshare-holdersofthepreviouscombinedcompany.Discussthenatureofthistransaction.(b)Calculatethedebttoassetsratioforeachcompany.(c)Calculatethereturnonassetsandreturnoncommonstockholders’equityforeachcompany.(d)Thecompany’sdebtholderswerefiercelyopposedtotheoriginalplantosplitthetwocompa-nie
3、sbecausetheoriginalplanhadHostMarriottabsorbingthemajorityofthecompany’sdebt.TheyrelentedonlywhenMarriottInternationalagreedtoabsorbalargershareofthedebt.Discussthepossiblereasonsthedebtholderswereopposedtotheplantosplitthecompany.REAL-WORLDFOCUSBYP11-6Purpose:Usethestockholders’equitysec
4、tionofanannualreportandidentifythemajorcomponents.Address:www.annualreports.com,orgotowww.wiley.com/college/kimmelSteps1.Selectaparticularcompany.2.Searchbycompanyname.3.Followinstructionsbelow.InstructionsAnswerthefollowingquestions.(a)Whatisthecompany’sname?(b)Whatclassesofcapitalstockh
5、asthecompanyissued?(c)Foreachclassofstock:(1)Howmanysharesareauthorized,issued,and/oroutstanding?(2)Whatistheparvalue?(d)Whatarethecompany’sretainedearnings?(e)Hasthecompanyacquiredtreasurystock?Howmanyshares?CriticalThinkingDECISION-MAKINGACROSSTHEORGANIZATIONBYP11-7Duringarecentperiod,t
6、hefast-foodchainWendy’sInternationalpurchasedmanytreasuryshares.Thiscausedthenumberofsharesoutstandingtofallfrom124millionto105mil-lion.Thefollowinginformationwasdrawnfromthecompany’sfinancialstatements(inmillions).InformationfortheInformationfortheYearafterPurchaseYearbeforePurchaseofTre
7、asuryStockofTreasuryStockNetincome$193.6$123.4Totalassets2,076.01,837.9Averagetotalassets2,016.91,889.8Totalcommonstockholders’equity1,029.81,068.1Averagecommonstockholders’equity1,078.01,126.2Totalliabilities1,046.3769.9Averagetotalliabilities939.0763.7Interestexpe
