Question: Based on the information provided in Exhibit 1, the EBITDA interest coverage ratio of Adidas AG is closest to: A. 7.91x. B. 10.12x. C. 12.99x.

Based on the information provided in Exhibit 1, the EBITDA interest coverage ratio of Adidas AG is closest to:

A. 7.91x.

B. 10.12x.

C. 12.99x.

EXHIBIT 1 Adidas AG Excerpt from Consolidated Income Statement Year Ending 31 December 2010 (€ in millions)
Gross Profi t 5,730 Royalty and commission income 100 Other operating income 110 Other operating expenses 5,046 Operating profi t 894 Interest income 25 Interest expense 113 Income before taxes 806 Income taxes 238 Net income 568 Additional information:
Depreciation and amortization: €249 million Source: Adidas AG Annual Financial Statements, December 2010

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