Question
Based on the information below, calculate the EBITDA interest coverage ratio for Adidas. EXHIBIT 1 Adidas AG Excerpt from Consolidated Income Statement Year e=Euros Ending
- Based on the information below, calculate the EBITDA interest coverage ratio for Adidas.
EXHIBIT 1 Adidas AG Excerpt from Consolidated Income Statement Year e=Euros
Ending 31 December 2018 (e in millions)
Gross Profit 5,800
Royalty and commission income 100
Other operating income 110
Other operating expenses 5,062
Operating profit of 948
Interest income 25
Interest expense 113
Income before taxes 860
Income taxes 181
Net income 679
Additional information:
Depreciation and amortization: $96.34 million
Source: Adidas AG Annual Financial Statements, December 2010
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
14th Global Edition
9781292018201
