Question: Based on the information below, calculate the EBITDA interest coverage ratio for Adidas. EXHIBIT 1 Adidas AG Excerpt from Consolidated Income Statement Year e=Euros Ending

  1. Based on the information below, calculate the EBITDA interest coverage ratio for Adidas.

EXHIBIT 1 Adidas AG Excerpt from Consolidated Income Statement Year e=Euros

Ending 31 December 2018 (e in millions)

Gross Profit 5,800

Royalty and commission income 100

Other operating income 110

Other operating expenses 5,062

Operating profit of 948

Interest income 25

Interest expense 113

Income before taxes 860

Income taxes 181

Net income 679

Additional information:

Depreciation and amortization: $96.34 million

Source: Adidas AG Annual Financial Statements, December 2010

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