When marriott says its sources of capital are retained


When Marriott says its sources of capital are retained earnings and leverage, what is Marriott talking about?

  • What would be Marriott's likely uses of capital from those sources?
  • Which of the 9 flaws in capital budgeting (see reading 6) would you worry about with Marriott. Why?
  • How would a dynamic capital budgeting system (see reading 6) help Marriott make capital good investment decisions?

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