Costco Wholesale is the national membership-warehouse retailer. It has 58 million members and 147,000 employees.
Foot Locker sells athletic footwear and clothes in its 3,500 stores in the United States, Canada, Europe, Australia, and New Zealand.
Keystone Automotive Operations €œ. . . is a wholesale distributor and retailer of automotive aftermarket accessories and equipment, operating throughout the United States and in parts of Canada. The Company sells and distributes specialty automotive products, such as light truck/SUV accessories, car accessories and trim items, specialty wheels, tires, and suspension parts and high performance products.€
Johnson & Johnson is a holding company, which, through its 250 subsidiary companies, develops, manufactures, and sells a broad range of prescription and nonprescription health care products. It has approximately 115,500 employees.

Each company received a different rating from the S&P. In descending order, the ratings for these companies were AAA, A+, B+, and CC. These rating are as of February 7, 2011.

Required
Determine which credit rating was assigned to which company. Write a memorandum explaining the rationale for yourdecisions

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Debt to Times Return orn Cash Flow Current Ratio Assets Ratio Interest Earned Assets Ratio Net Income from Operations Costco Wholesale 2010 2009 Foot Locker 2010 2009 S 1,323,000 2,780,000 1.16 1,086,000 2,092,000 .11 0.54 0.54 19.5 16.9 0.06 0.05 0.31 0.33 8.4 -19.2 0.02 -0.03 48,000 346,000 4.09 (80,000) 383,000 4.22 Keystone Automotive Operations 2010 2009 (26,617) (206,613) 21,331 3.99 3,375 4.21 1.10 1.16 -0.06 -0.55 -6.2 Johnson & Johnson 2010 2009 12,266,000 16,571,000 1.82 12,949,000 14,972,000 1.65 0.47 0.50 35.9 39.9 0.13 0.15