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12. Interpreting Bond Footnote Disclosures Marriott International reports the following long-term debt as part of its MD&A in its 2018 10-K. Obligations Expiring by Period ($ millions) Later Maturity Date Long-term debt..... Total $9,347 2019 $833 2020 2021 $912 $3,108 2022 2023 $1,114 $695 $2,685 Years a. What does this information indicate about Marriott's future payment obligations for 2019 through 2021? b. What implications does this payment schedule have for our evaluation of Marriott's liquidity and solvency?

12. Interpreting Bond Footnote Disclosures Marriott International reports the following long-term debt as part of its MD&A in its 2018 10-K. Obligations Expiring by Period ($ millions) Later Maturity Date Long-term debt..... Total $9,347 2019 $833 2020 2021 $912 $3,108 2022 2023 $1,114 $695 $2,685 Years a. What does this information indicate about Marriott's future payment obligations for 2019 through 2021? b. What implications does this payment schedule have for our evaluation of Marriott's liquidity and solvency?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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12. Interpreting Bond Footnote Disclosures Marriott International reports the following long-term debt as part of its MD&A in its 2018 10-K. Obligations Expiring by Period ($ millions) Later Maturity Date Long-term debt..... Total $9,347 2019 $833 2020 2021 $912 $3,108 2022 2023 $1,114 $695 $2,685 Years a. What does this information indicate about Marriott's future payment obligations for 2019 through 2021? b. What implications does this payment schedule have for our evaluation of Marriott's liquidity and solvency?
Transcribed Image Text:12. Interpreting Bond Footnote Disclosures Marriott International reports the following long-term debt as part of its MD&A in its 2018 10-K. Obligations Expiring by Period ($ millions) Later Maturity Date Long-term debt..... Total $9,347 2019 $833 2020 2021 $912 $3,108 2022 2023 $1,114 $695 $2,685 Years a. What does this information indicate about Marriott's future payment obligations for 2019 through 2021? b. What implications does this payment schedule have for our evaluation of Marriott's liquidity and solvency?
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