Selected financial ratios from the Anheuser Busch Companies (i) S&P 400, (ii) the brewing industry, and (iii) anheuser busch (BUD), for Years 2 through 6, are reported above.

Required:

A. Using these financial ratios, analyze the relative credit position of: (1) Brewing industry compared with the S&P 400 (2) Anheuser-Busch compared with the brewing industry (3) Anheuser-Busch compared with the S&P 400

B. Using these financial ratios and your analysis from (a.) describe the current position of Anheuser-Busch, and discuss whether you feel there has been a change in the credit quality of Anheuser-Busch during the five-year period.

* Total debt is defined as long-term debt plus current liabilities