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How do O calculate % of Total Assets for this3.png

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Common Size Balance Sheets
12 Months Ended
Consolidated Balance Sheets - USD ($] Dec. 31. 201% of Total assets Dec. 31. 201 % of Total asset
Common Size Balance Sheets
12 Months Ended
$ in Thousands
Consolidated Balance Sheets - USD Dec. 31. 2 & of Total assets Dec. 31. 2 8 of Total assets
Current assets
($) $ in Millions
Cash and cash equivalents
26,642
Current assets
235,336
Receivables [net of allowance for doubtful
Cash and equivalents
316
383
accounts of $15,905 and $12,221, respectively)
138,018
125.870
Income taxes receivable
10.122
Accounts and notes receivable, net
2,135
1,973
9
10
Notes receivable, net of allowances
Prepaid expenses and other
249
36,753
13,256
235
Assets held for sale
149
11
Other current assets
8
12
Total current assets
32,243
243,784
25,967
Total current assets
400,423
Property and equipment, net
$ 2,706
2,740
1,793
13
Property and equipment, at cost, net
1,356
27.535
$3,374
Goodwill
168,996
Intangible assets
14
80,757
15
Intangible assets, net
271,188
00,492
Brands
Contract acquisition costs and other
3.190
Notes receivable, net of allowances
$ 2,590
5,922
63,440
80,136
Goodwill
$ 9,039
$ 2,622
16
Investments, employee benefit plans, at fair value
9,207
17
3,338
Investments in unconsolidated entities
20,838
109,016
34,226
Total long-term asset
$ 17,419
17,751
18
19
Deferred income taxes
30,613
27,224
Equity method investments
732
54,400
Notes receivable, net
734
Other ssects
67,715
125
142
20
21
Total assets
Deferred tax assets
171
93
Current liabilities
$ 1,138,370
895,191
Other noncurrent assets
587
593
Total assets
$ 23,696
23
Accounts payable
Accrued expenses and other current liabilities
73,511
92,651
67,839
34,315
Current liabilities
$ 23,846
24
25
Defered Revenue
67.614
52,142
Current portion of long-term debt
833
Liability for quest loyalty program
83,566
Accounts payable
398
767
79,123
783
26
Current portion of long-term debt
345
1,097
1,232
Accrued payroll and benefits
1,214
27
Liability for quest loyalty program
2,523
28
Total current liabilities
$18,439
284,651
Accrued expenses and other
963
2,121
Long-term debt
53,514
725,292
1,291
Long-term portion
10,278
98,459
Total current liabilities
Long-term debt
.437
5,807
Deferred compensation and retirement plan
8,514
7,840
30
obligations
24,212
Income taxes payable
26.276
25,566
29,041
Liability for quest loyalty program
Deferred tax liabilities
*2,932
485
2,813
32
33
Deferred income taxes
605
39
34
Liability for quest loyalty program
52,327
Deferred revenue
731
583
46,101
Other noncurrent liabilities
2,372
2,610
35
Other liabilities
Total liabilities
37,096
42,043
Shareholders' equity
Commitments and Contingencies
$ 1,322,142
$ 1,253,792
Class A Common Stock
5
Common stock, $0.01 par value; 160,000,000
Additional paid-in-capital
5,814
$ 5,770
shares authorized; 95,065,638 shares issued at
December 31, 2018 and December 31, 2017;
55,679,207 and 56,679,968 shares outstanding at
December 31, 2018 and December 31, 2017
Additional paid-in-capital
95
951
Retained earnings
Accumulated other comprehensive loss
213,170
182,448
$ 8,982
$ 7,242
Treasury stock, at cost; 39,386,431 and
[5.446)
[4.699)
Treasury stock, at cost
Accumulated other comprehensive loss
$ [12.185)
(391)]
$ [3,418)
38,385,670 shares at December 31, 2018 and
40
December 31, 2017, respectively
41
Retained earnings
$ [1,187,625)
$ [1,064,573)
Total shareholders' equity
$ 2,225
$ 3,582
42
43
Total shareholders' deficit
$ 795,178
Total liabilities and shareholders"
(183,772)
$ 627,272
Total liabilities and shareholders"
[258,601
$ 23,696
$ 23,846
44
$ 1,138,370
995,191
Questions:
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I. What are two accounts in the Choice Hotels balance sheet that show the biggest change over the past 2 years? What information in the 10-K report helps to explain these changes
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2. What are two accounts in the Marriott balance sheet that show the biggest change over the past 2 years? What information in the 10-K report helps to explain these changes?
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3. Which of the two companies has the financially stronger balance sheet? Explain your rationale thoroughly.
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