across Wall Street had been strony in the ballcamp prior to por Shor's both its favorable margins and the growth for years. Show past month recommended to investors that Whole Foodstock wyworden argument was based on ongoing pains to expected row EBITDA in the report built in expectations of revenue growth of 11% and 10% respectively, in 2014 2015, forecast model with the assumptions used for Short's previous report. As an additional bench margins of 9.4% and 9.8%, respectively, in 2014 and 2015). The in question on facientes en to adjust its financial forecast for Whole Foods in light of recent seas. Exile. 19 contain a very reports prevailing capital market information. As Short recomidered her position, her team fleste for both a bearish and bullish view on Whole Foods EXHIBIT 7.7 | Deutsche Bank stel Gin sillions of us. Therefore At Focal Year End Store Growth Sales Growth EBITDA Morgan 2011 4. 12 35 2012 7.7 Current Asset Turnover Current Lib Turnover Not PPLE/Store Annual Dep & Anstore 70 sos 64 71 Sales ES 70 65 105 090 67 311 335 EBITDA 10.108 11.699 12.917 859 14:35 Dep. & Amor 1055 311 EBIT 276 Taxes 548 744 883 975 Not Income 339 458 540 Shares Outstanding 596 350 372 Emings por Share 372 0.97 1.25 1.45 1.50 Current Assets 1,453 2.103 1.980 2.050 Current Liabilities 880 1088 1228 Not Working Capital 573 1.126 892 812 Net PPSE 1.997 2,193 2.680 Return on Capital 13.2 13.8% 16.3 17.15 Data source: Company financial reports, Deutsche Bank research 1176 717 372 193 2304 e98 3.018 EXHIBIT 7.8 | Demographic and Capital Markets Data forecast future sales and margins. 5. Examine Exhibit 7 in detail. How important are each of the underlying financial assumptions in the ROA forecast? What assumptions (i.c., margins, asset turnover, growth) play the biggest role in driving the anticipated improvements in ROA? 6. Do you agree with the existing financial assumptions in the Deutsche Bank forecast? If so, why? If not, what adjustments would you make to the model? Be prepared to defend the basis of your forecast for Whole Foods' performance. across Wall Street had been strony in the ballcamp prior to por Shor's both its favorable margins and the growth for years. Show past month recommended to investors that Whole Foodstock wyworden argument was based on ongoing pains to expected row EBITDA in the report built in expectations of revenue growth of 11% and 10% respectively, in 2014 2015, forecast model with the assumptions used for Short's previous report. As an additional bench margins of 9.4% and 9.8%, respectively, in 2014 and 2015). The in question on facientes en to adjust its financial forecast for Whole Foods in light of recent seas. Exile. 19 contain a very reports prevailing capital market information. As Short recomidered her position, her team fleste for both a bearish and bullish view on Whole Foods EXHIBIT 7.7 | Deutsche Bank stel Gin sillions of us. Therefore At Focal Year End Store Growth Sales Growth EBITDA Morgan 2011 4. 12 35 2012 7.7 Current Asset Turnover Current Lib Turnover Not PPLE/Store Annual Dep & Anstore 70 sos 64 71 Sales ES 70 65 105 090 67 311 335 EBITDA 10.108 11.699 12.917 859 14:35 Dep. & Amor 1055 311 EBIT 276 Taxes 548 744 883 975 Not Income 339 458 540 Shares Outstanding 596 350 372 Emings por Share 372 0.97 1.25 1.45 1.50 Current Assets 1,453 2.103 1.980 2.050 Current Liabilities 880 1088 1228 Not Working Capital 573 1.126 892 812 Net PPSE 1.997 2,193 2.680 Return on Capital 13.2 13.8% 16.3 17.15 Data source: Company financial reports, Deutsche Bank research 1176 717 372 193 2304 e98 3.018 EXHIBIT 7.8 | Demographic and Capital Markets Data forecast future sales and margins. 5. Examine Exhibit 7 in detail. How important are each of the underlying financial assumptions in the ROA forecast? What assumptions (i.c., margins, asset turnover, growth) play the biggest role in driving the anticipated improvements in ROA? 6. Do you agree with the existing financial assumptions in the Deutsche Bank forecast? If so, why? If not, what adjustments would you make to the model? Be prepared to defend the basis of your forecast for Whole Foods' performance
