Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question 1: Calculating Ratios and Estimating Credit Rating
The following data are from Under Armour's 2015 10-K report ($ thousands).
Revenue
$3,963,313
Earnings from continuing operations
$232,573
Interest expense
14,628
Capital expenditures (CAPEX)
298,928
Tax expense
154,112
Total debt
669,000
Amortization expense
13,840
Average assets
2,481,992
Depreciation expense
87,100
Point a. Use the data above to calculate the following ratios: EBITA/Average assets, EBITA Margin, EBITA/Interest expenses, Debt/EBITDA, CAPEX/Depreciation Expense.
Point b. Using the ratios you calculate in part a., estimate the credit rating that Moody's might assign to Under Armour.Refer to Exhibit 7.6 in the textbook for ratio definitions and credit ratings.
Ratio
Moody's rating
EBITA/Avg. assets
16.73 % x Aaa
44
V
EBITA margin
10.47 % X B
EBITA/Int. expense
289.4 x Aaa
*
Debt/EBITDA
15.8 x Aaa
X
CAPEX/Dep. expense
7.1 x Aaa
0
tiger company uses job-order costing. at the end of themonth the following data was
the sales policy at st. falls dictates that job bids be calculated by adding 24 percent to total manufacturing costs.
Prepare a forecasted annual income statement for the company reflecting the elimination of Department Z assuming that it will not affect Department A's sales
how is it possible for a company to suffer a net loss for a given year yet produce a positive net cash flow from
In at least one paragraph, and in your own words, describe the four leadership approaches and how they differ. Provide one example of each style
Calculate the net advantage of closing the North Store. (Any losses should be indicated by a minus sign.)
Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year
Prepare a schedule to compute expected cash collections for the month of May and Prepare a schedule to compute expected cash payments for the month of May
anderson has identified the following operating activities for its company the estimated overhead cost associated with
What is the auditor's responsibility related to the information disclosed by management in the management's discussion
What qualitative factors do you think management should consider before making this decision
Calculate the book value of the equipment that will be reported on the balance sheet dated December31, 2012.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd