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M723. Determining Credit Ratings The chart below shows financial ratios for three companies. Use the...

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Accounting

M723. Determining Credit Ratings The chart below shows financial ratios for three companies. Use the data, along with Exhibit 7.4 to determine a bond rating for each of the three companies below. EBITA/ Average Assets Operating Margin EBITA Margin EBITA/ Interest Expense (FFO + Int Exp)/ Int Exp Debt/ EBITDA DEBT/ Book Capital ization FFO/ Debt Retained Cash Flow/Net Debt CAPEX/ Depre ciation Revenue Volatility Company 1 . . 12.80% 16.30% 18.82% 15.0 13.4 1.6 38.12% 44.72%

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