QUESTION 7 Partially correct Mark 1.00 out of 2.00P Flag question Calculating Ratios and Estimating Credit Rating The following data are from Kellogg's 10-K report dated January 2, 2016 ( millions) Revenue Interest expense Tax expense Amortization expense Depreciation expense $13,525 Earnings from continuing operations $614 553 7,759 15,209 227 Capital expenditures (CAPEX) 59 Total debt 8 Average assets 526 a. Use the data above to calculate the following ratios: EBITA/Average assets, EBITA Margin, EBITA/Interest expenses, Debt/EBITDA, CAPEXIDepreciation 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%) Ratio Moody's rating EBITA/Avg. assets 6.58 % B EBITA margin 1,534 % EBITA/Int. expense Ba Debt/EBITDA CAPEX/Dep. expense