1. Go to Market Insight (www.mhhe.com/edumarketinsight) and find the bond rating of Toyota (TM) and General Motors...
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1. Go to Market Insight (www.mhhe.com/edumarketinsight) and find the bond rating of Toyota (TM) and General Motors (GM) in the Financial Highlights section of Market Insight. Why is the bond rating (i.e., S&P Issuer Credit Rating) of Toyota superior to that of GM? Is one firm in better financial health? Compare the ratio of EBIT to interest payments for the two firms. Which has the "healthier" ratio? Which has the lower indebtedness, as measured by the ratio of debt to equity?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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