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Calculating Ratios and Estimating Credit Rating The following data are from Kellogg's 10-K report dated January 2, 2016(5 millions), 513,650 Earnings from continuing operations $654

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Calculating Ratios and Estimating Credit Rating The following data are from Kellogg's 10-K report dated January 2, 2016(5 millions), 513,650 Earnings from continuing operations $654 Capital expenditures (CAPEX 553 Tax expense 190 Total debt 7,534 Average assets 15,434 Depreciation expense Atvorine a. Use the data above to calculate the following ratios: EBITA Average assets, EBITA Margin, EBITA/Interest expenses. Det/EBITDA CAPEX/Depreciation Expense. b. Using the ratios calculated in part a., estimate the credit rating that Moody's might assign to Kellogg Refer to Exhibit 7.6 in the textbook for ratio definitions and credit ratings Round answers to one decimal place (percentage ex: 0.2345 23.5%) EBITNA, assets ELITA margin EBITA expense Debu/BITDA CAPExcep. expense Ratio Moody's rating OKB 0 Ox Bas

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