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Assigning a Long-Term Debt Rating Using Financial Ratios Refer to the information below from Stryker's 2018 financial statements. Use the information to answer the requirements

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Assigning a Long-Term Debt Rating Using Financial Ratios Refer to the information below from Stryker's 2018 financial statements. Use the information to answer the requirements (5 millions). Revenue 513,601 Interest expense, gross 5181 Depreciation expense 306 Dividends, including to noncontrolling interest 717 Amortization expense 417 Cash and cash equivalents 3,616 Operating profit (EBIT) 2537 Marketable securities Total debt 9,859 Average assets 24,713 Cash from operating activities 2,610 CAPEX 572 Funds from operations 2,852 83 a. Compute the following 10 Moody's metrics for Stryker for 2018, Round all answers (except Revenue) to one decimal place (example for percentage ratios: 0.2345 = 23.54), Ratio Debt / EBITDA EDITA to interest expense Revenue (5 millions Retained cash flow / Net Debt EBITA margin Operating margin FFO/ Debt (FFO Interest Expense interest Expense EDITA to average assets CAPEX/Depreciation expense 6. Use your computations from parta, along with measures in Exhibit 4.8, to estimate the long term debt rating for Stryker Based on the above computations, the rating for Stryker's long-term debt would fall in the

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