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11:51 uing Time: 44 25 ssued and outstanding as of December 31,2014 Additional p

ID: 2613913 • Letter: 1

Question

11:51 uing Time: 44 25 ssued and outstanding as of December 31,2014 Additional paid-in capital Accumulated deficit Accumulated other comprehensive loss Total Hilton stockholders' equity Noncontrolling interests Total equity TOTAL LIABILITIES AND EQUITY 10,151 0 028 4,658 (784 5.985 34) 5,951 S 25,716 28.125 4,752 Which of the following best interpret Hilton's Debt-to-(quity e in 2015 Hilton's owners would prefer the compary's Debe-o-vity atie bo be in rdg Hilton's Debt-to-Equity ratio shows that cretoaig was moe tha Hilton's creditors would prefer the company's Debe-to-Equity change to be inceased s O tey ????(8.8M)

Explanation / Answer

3: Hilton's debt to equity ratio shows that the creditor financing was more than 3 times the owners financing.

(Debt = Total liabilities and equity- Equity value)

= =25716-5951 = $19,765

Equity = $5951 hence debt> 3*5951 = $17853

Option 1 is incorrect because the capital is generated more from creditors than investors.

Option 2 is incorrect because the debt ratio is already high and raising it further will endanger the liquidity position of the firm.

Option 4 is incorrect since raising the D/E ratio further will endanger the liquidity position of the firm and the creditors funds will be in risk.