The following data are from Kelloggs 10-K report dated December 29, 2018 ($ millions). Revenue $13,547 Earnings
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Question:
The following data are from Kellogg’s 10-K report dated December 29, 2018 ($ millions).
Revenue | $13,547 | Earnings from continuing operations | $1,344 |
Interest expense | 287 | Capital expenditures (CAPEX) | 578 |
Tax expense | 181 | Total debt | 8,893 |
Amortization expense | 23 | Average assets | 17,066 |
Depreciation expense | 493 |
a. Use the data above to calculate the following ratios: EBITA/Average assets, EBITA Margin, EBITA/ Interest expense, Debt/EBITDA, CAPEX/Depreciation Expense.
b. Estimate the credit rating that Moody’s might assign to Kellogg.
Round answers to one decimal place (percentage ex: 0.2345 = 23.5%)
Ratio | Moody's rating | |
---|---|---|
EBITA/Avg. assets | ||
EBITA margin | ||
EBITA/Int. expense | ||
Debt/EBITDA | ||
CAPEX/Dep. expense |
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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