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Assigning a Long-Term Debt Rating Using Financial Ratios Refer to the...
Assigning a Long-Term Debt Rating Using Financial Ratios Refer to the information below from Nordstrom Inc.’s...
Assigning a Long-Term Debt Rating Using Financial Ratios Refer to the information below from Nordstrom Inc.’s 2016 financial statements. Use the information to answer the requirements ($ millions). Sales $14,095 Depreciation expense 560 Tax expense 376 Interest expense, gross 153 Earnings from continuing operations (Net income) 600 EBITA 1,117 Cash 595 Average total assets 8,472 Total debt 2,805 Noncurrent deferred tax liabilities 324 Noncontrolling interest 0 Equity 871 Dividends paid 1,185 Cash from operating activities 2,451 a. Compute the following...
Question 3 Partially correct Mark oso out of 4.00 Flag question Sales Assigning a Long-Term Debt...
Question 3 Partially correct Mark oso out of 4.00 Flag question Sales Assigning a Long-Term Debt Rating Using Financial Ratios Refer to the information below from Nordstrom Inc.'s 2016 financial statements. Use the information to answer the requirements (5 millions) $14,095 Depreciation expense 560 Tax expense 376 Interest expense, grass Earnings from continuing operations (Net incomel 600 EBITA Casit 595 Average total assets Total debi 8,072 2.805 Equity 1.185 Noncurrent deferred tax liabilities Noncontrolling interest 871 Dividends paid Cash from...
Calculating Ratios and Estimating Credit Rating The following data are from Kellogg's 10-K report dated January...
Calculating Ratios and Estimating Credit Rating The following data are from Kellogg's 10-K report dated January 2, 2016 ($ millions). Revenue Interest expense Tax expense Amortization expense Depreciation expense $13,750 Earnings from continuing operations 245 Capital expenditures (CAPEX) 208 Total debt 8 Average assets 526 $681 553 7,560 15,408 a. Use the data above to calculate the following ratios: EBITA/Average assets, EBITA Margin, EBITA/Interest expenses, Debt/EBITDA, CAPEX/Depreciation Expense. b. Using the ratios calculated in part a., estimate the credit rating...
Calculating Ratios and Estimating Credit Rating The following data are from Kellogg’s 10-K report dated December...
Calculating Ratios and Estimating Credit Rating The following data are from Kellogg’s 10-K report dated December 29, 2018 ($ millions). Revenue $13,547 Earnings from continuing operations $1,344 Interest expense 287 Capital expenditures (CAPEX) 578 Tax expense 181 Total debt 8,893 Amortization expense 23 Average assets 17,066 Depreciation expense 493 a. Use the data above to calculate the following ratios: EBITA/Average assets, EBITA Margin, EBITA/ Interest expense, Debt/EBITDA, CAPEX/Depreciation Expense. Definitions for these ratios are in Exhibit 7.4. b. Refer to...
Refer to the information below from Nordstrom Inc.’s 2016 financial statements. Use the information to answer...
Refer to the information below from Nordstrom Inc.’s 2016
financial statements. Use the information to answer the
requirements ($ millions).
1,325 Sales $15,208 Depreciation expense 584 Tax expense 400 Interest expense, gross 177 Earnings from continuing operations (Net income) 736 EBITA Cash 619 Average total assets 9,585 Total debt 2,965 Noncurrent deferred tax liabilities 436 Noncontrolling interest Equity 871 Dividends paid 1,185 Cash from operating activities 2,451 a. Compute the following seven Moody's metrics for Nordstrom. See Appendix 4A for...
Exhibit 7.6 Ratio Values for Different Credit Ratings* EBITA/ EBITA EBITA/ Oper (FFO + Int Avg...
Exhibit 7.6 Ratio Values for Different Credit Ratings* EBITA/ EBITA EBITA/ Oper (FFO + Int Avg AT Margin Int Exp Margin Exp)/Int Exp FFOI RCF/Net Debt Debt Debt/ Debt/ CAPEX/ Rev EBITDA Book Cap Dep Exp Vol 1.6 36.0 21.1 13.8 0.9 1.3 8.6 6.5 1.6 Aaa ........ Aa ... A............ Baa .... Ba.......... B............. Caa-C...... 35.7 21.1 13.4 7.2 10.4 16.0% 14.3% 13.6% 10.3% 8.6% 6.7% 5.6% 22.8% 21.4% 19.4% 15.1% 12.2% 9.7% 5.9% 19.0% 19.2% 16.8% 14.0% 10.9%...
Review the more common financial ratios in table 2-1. Which ratios do you think are the...
Review the more common financial ratios in table 2-1. Which
ratios do you think are the most important with evaluating the
short-term cash needs of a facility? (I have attached the image of
table 2-1)
rs Concept Two: Analyzing and Boosting Creditwortbiness TABLE 2-1. Key Creditworthiness Ratios Financial Ratio Indicator Total operating revenue- Ope Tt Operating margin rating expenses Total operating revenue ome from operations + Nonoperating revenue Excess margin Total operating + Nonoperating revenue Operating EBIDA margin Operating income...
The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed long-term debt of $2.3...
The 2014 statement of financial position of Roger’s Tennis Shop Inc. showed long-term debt of $2.3 million, and the 2015 statement of financial position showed long-term debt of $2.55 million. The 2015 statement of comprehensive income showed an interest expense of $190,000. During 2015, Roger’s Tennis Shop Inc. realized the following: Cash flow to creditors $ -60,000 Cash flow to stockholders $ 415,000 Suppose you also know that the firm’s net capital spending for 2015 was $1,300,000, and that the...
Need the following ratios solved using the given financial data. please show work. if needed use ...
Need the following ratios solved using the given financial data.
please show work. if needed use an effective tax rate of 20%
Invested capital
CAPEX ratio
Fixed charge coverage ratio
Financial leverage 1 (equity multiplier)
Cash received from customers
mDKK As of and for the years ended 12/31: 2017 2016 Average 834 6,754 : Cash and cash equivalents 906 6,333 7,174 2,383 2,991 17,65817,101 9,911 29,937 762 Accounts receivable : Inventory 2,687: Total current assets Total assets 17,380 29,924 Accounts...
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $65 million, and...
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $65 million, and the 2018 balance sheet showed long-term debt of $6.7 million. The 2018 income statement showed an interest expense of $230,000. During 2018, the company had a cash flow to creditors of $30,000 and the cash flow to stockholders for the year was $85,000. Suppose you also know that the firm's net capital spending for 2018 was $1,500,000, and that the firm reduced its net...
Question 3 Partially correct Mark oso out of 4.00 Flag question Sales Assigning a Long-Term Debt Rating Using Financial Ratios Refer to the information below from Nordstrom Inc.'s 2016 financial statements. Use the information to answer the requirements (5 millions) $14,095 Depreciation expense 560 Tax expense 376 Interest expense, grass Earnings from continuing operations (Net incomel 600 EBITA Casit 595 Average total assets Total debi 8,072 2.805 Equity 1.185 Noncurrent deferred tax liabilities Noncontrolling interest 871 Dividends paid Cash from...
Calculating Ratios and Estimating Credit Rating The following data are from Kellogg's 10-K report dated January 2, 2016 ($ millions). Revenue Interest expense Tax expense Amortization expense Depreciation expense $13,750 Earnings from continuing operations 245 Capital expenditures (CAPEX) 208 Total debt 8 Average assets 526 $681 553 7,560 15,408 a. Use the data above to calculate the following ratios: EBITA/Average assets, EBITA Margin, EBITA/Interest expenses, Debt/EBITDA, CAPEX/Depreciation Expense. b. Using the ratios calculated in part a., estimate the credit rating...
Refer to the information below from Nordstrom Inc.’s 2016
financial statements. Use the information to answer the
requirements ($ millions).
1,325 Sales $15,208 Depreciation expense 584 Tax expense 400 Interest expense, gross 177 Earnings from continuing operations (Net income) 736 EBITA Cash 619 Average total assets 9,585 Total debt 2,965 Noncurrent deferred tax liabilities 436 Noncontrolling interest Equity 871 Dividends paid 1,185 Cash from operating activities 2,451 a. Compute the following seven Moody's metrics for Nordstrom. See Appendix 4A for...
Exhibit 7.6 Ratio Values for Different Credit Ratings* EBITA/ EBITA EBITA/ Oper (FFO + Int Avg AT Margin Int Exp Margin Exp)/Int Exp FFOI RCF/Net Debt Debt Debt/ Debt/ CAPEX/ Rev EBITDA Book Cap Dep Exp Vol 1.6 36.0 21.1 13.8 0.9 1.3 8.6 6.5 1.6 Aaa ........ Aa ... A............ Baa .... Ba.......... B............. Caa-C...... 35.7 21.1 13.4 7.2 10.4 16.0% 14.3% 13.6% 10.3% 8.6% 6.7% 5.6% 22.8% 21.4% 19.4% 15.1% 12.2% 9.7% 5.9% 19.0% 19.2% 16.8% 14.0% 10.9%...
Review the more common financial ratios in table 2-1. Which
ratios do you think are the most important with evaluating the
short-term cash needs of a facility? (I have attached the image of
table 2-1)
rs Concept Two: Analyzing and Boosting Creditwortbiness TABLE 2-1. Key Creditworthiness Ratios Financial Ratio Indicator Total operating revenue- Ope Tt Operating margin rating expenses Total operating revenue ome from operations + Nonoperating revenue Excess margin Total operating + Nonoperating revenue Operating EBIDA margin Operating income...
Need the following ratios solved using the given financial data.
please show work. if needed use an effective tax rate of 20%
Invested capital
CAPEX ratio
Fixed charge coverage ratio
Financial leverage 1 (equity multiplier)
Cash received from customers
mDKK As of and for the years ended 12/31: 2017 2016 Average 834 6,754 : Cash and cash equivalents 906 6,333 7,174 2,383 2,991 17,65817,101 9,911 29,937 762 Accounts receivable : Inventory 2,687: Total current assets Total assets 17,380 29,924 Accounts...
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $65 million, and the 2018 balance sheet showed long-term debt of $6.7 million. The 2018 income statement showed an interest expense of $230,000. During 2018, the company had a cash flow to creditors of $30,000 and the cash flow to stockholders for the year was $85,000. Suppose you also know that the firm's net capital spending for 2018 was $1,500,000, and that the firm reduced its net...
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