Question

Use the annual report of Carnival Corporation for the 2007 fiscal year to answer the following questions. This information can be found on either the annual report or the SEC 10-K filing at www.carnival.com by following the links to Investor Relations.
Required:
(a) Calculate the following ratios and measurements for Carnival for the years 2006 and 2007. Comment on changes from year to year and what each ratio means for Carnival.
(1) Current ratio
(2) Working capital
(3) Debt to total assets
(4) Long-term debt to equity
(5) Times interest earned
(b) Does Carnival have any contingent liabilities? If so, how does the company handle the accounting of such liabilities? Where did you find this information?
(c) What kind of retirement plan does Carnival have for its employees?
(d) What portion of Carnival’s long-term debt is due in the next fiscal year?
(e) Does Carnival lease any assets? If so, how does the company account for such leases?
(f) Is Carnival currently financing its operations through the use of bonds? If so, to what extent? If not, what other methods might the company use to finance operations?


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  • CreatedMarch 27, 2015
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