What were HCAs liabilities-to-assets ratios and times-interest-earned ratios in the years 2005 through 2009?
a. What were HCAs liabilities-to-assets ratios and times-interest-earned ratios in the years 200 Show more a. What were HCAs liabilities-to-assets ratios and times-interest-earned ratios in the years 2005 through 2009? a. What were HCAs liabilities-to-assets ratios and times-interest-earned ratios in the years 2005 through 2009? a. What were HCAs liabilities-to-assets ratios and times-interest-earned ratios in the years 2005 through 2009? a. What were HCAs liabilities-to-assets ratios and times-interest-earned ratios in the years 2005 through 2009? a. What were HCAs liabilities-to-assets ratios and times-interest-earned ratios in the years 2005 through 2009? a. What were HCAs liabilities-to-assets ratios and times-interest-earned ratios in the years 2005 through 2009? b. What percentage decline in EBIT could HCA have suffered each year between 2005 and 2009 before the company would have been unable to make interest payments out of operating earnings where operating earnings is defined as EBIT? b. What percentage decline in EBIT could HCA have suffered each year between 2005 and 2009 before the company would have been unable to make interest payments out of operating earnings where operating earnings is defined as EBIT? b. What percentage decline in EBIT could HCA have suffered each year between 2005 and 2009 before the company would have been unable to make interest payments out of operating earnings where operating earnings is defined as EBIT? b. What percentage decline in EBIT could HCA have suffered each year between 2005 and 2009 before the company would have been unable to make interest payments out of operating earnings where operating earnings is defined as EBIT? b. What percentage decline in EBIT could HCA have suffered each year between 2005 and 2009 before the company would have been unable to make interest payments out of operating earnings where operating earnings is defined as EBIT? b. What percentage decline in EBIT could HCA have suffered each year between 2005 and 2009 before the company would have been unable to make interest payments out of operating earnings where operating earnings is defined as EBIT? c. How volatile have HCAs cash flows been over the period 2005 2009? c. How volatile have HCAs cash flows been over the period 2005 2009? c. How volatile have HCAs cash flows been over the period 2005 2009? c. How volatile have HCAs cash flows been over the period 2005 2009? c. How volatile have HCAs cash flows been over the period 2005 2009? c. How volatile have HCAs cash flows been over the period 2005 2009? d. Calculate HCAs return on invested capital (ROIC) in the years 2005 2009. d. Calculate HCAs return on invested capital (ROIC) in the years 2005 2009. d. Calculate HCAs return on invested capital (ROIC) in the years 2005 2009. d. Calculate HCAs return on invested capital (ROIC) in the years 2005 2009. d. Calculate HCAs return on invested capital (ROIC) in the years 2005 2009. d. Calculate HCAs return on invested capital (ROIC) in the years 2005 2009. e. HCA is the largest private operator of health care facilities in the world with hundrd of facilities in over 20 states. In 2006 private equity buyers took the company private in a $31.6 billion acquisition. In broad terms how costly do you think financial distress would be to HCA if it began to appear the company might be having difficulty servicing its debt? Why? e. HCA is the largest private operator of health care facilities in the world with hundrd of facilities in over 20 states. In 2006 private equity buyers took the company private in a $31.6 billion acquisition. In broad terms how costly do you think financial distress would be to HCA if it began to appear the company might be having difficulty servicing its debt? Why? e. HCA is the largest private operator of health care facilities in the world with hundrd of facilities in over 20 states. In 2006 private equity buyers took the company private in a $31.6 billion acquisition. In broad terms how costly do you think financial distress would be to HCA if it began to appear the company might be having difficulty servicing its debt? Why? e. HCA is the largest private operator of health care facilities in the world with hundrd of facilities in over 20 states. In 2006 private equity buyers took the company private in a $31.6 billion acquisition. In broad terms how costly do you think financial distress would be to HCA if it began to appear the company might be having difficulty servicing its debt? Why? e. HCA is the largest private operator of health care facilities in the world with hundrd of facilities in over 20 states. In 2006 private equity buyers took the company private in a $31.6 billion acquisition. In broad terms how costly do you think financial distress would be to HCA if it began to appear the company might be having difficulty servicing its debt? Why? e. HCA is the largest private operator of health care facilities in the world with hundrd of facilities in over 20 states. In 2006 private equity buyers took the company private in a $31.6 billion acquisition. In broad terms how costly do you think financial distress would be to HCA if it began to appear the company might be having difficulty servicing its debt? Why? f. In late 2010 HCA announced an intended dividend recapitalization in which it would pay a $2 billion dividend to shareholders financed in large part by a $1.53 billion bond offering. At an interest rate of 6 percent how would the added debt have affected HCAs times-interest-earned ratio in 2009? f. In late 2010 HCA announced an intended dividend recapitalization in which it would pay a $2 billion dividend to shareholders financed in large part by a $1.53 billion bond offering. At an interest rate of 6 percent how would the added debt have affected HCAs times-interest-earned ratio in 2009? f. In late 2010 HCA announced an intended dividend recapitalization in which it would pay a $2 billion dividend to shareholders financed in large part by a $1.53 billion bond offering. At an interest rate of 6 percent how would the added debt have affected HCAs times-interest-earned ratio in 2009? f. In late 2010 HCA announced an intended dividend recapitalization in which it would pay a $2 billion dividend to shareholders financed in large part by a $1.53 billion bond offering. At an interest rate of 6 percent how would the added debt have affected HCAs times-interest-earned ratio in 2009? f. In late 2010 HCA announced an intended dividend recapitalization in which it would pay a $2 billion dividend to shareholders financed in large part by a $1.53 billion bond offering. At an interest rate of 6 percent how would the added debt have affected HCAs times-interest-earned ratio in 2009? f. In late 2010 HCA announced an intended dividend recapitalization in which it would pay a $2 billion dividend to shareholders financed in large part by a $1.53 billion bond offering. At an interest rate of 6 percent how would the added debt have affected HCAs times-interest-earned ratio in 2009? g. Please comment on HCAs capital structure. Is its 2009 debt level prudent? Is it smart to add another $1.53 billion to this total? Why or why not? g. Please comment on HCAs capital structure. Is its 2009 debt level prudent? Is it smart to add another $1.53 billion to this total? Why or why not? g. Please comment on HCAs capital structure. Is its 2009 debt level prudent? Is it smart to add another $1.53 billion to this total? Why or why not? g. Please comment on HCAs capital structure. Is its 2009 debt level prudent? Is it smart to add another $1.53 billion to this total? Why or why not? g. Please comment on HCAs capital structure. Is its 2009 debt level prudent? Is it smart to add another $1.53 billion to this total? Why or why not? g. Please comment on HCAs capital structure. Is its 2009 debt level prudent? Is it smart to add another $1.53 billion to this total? Why or why not? HCA INC HCA INC HCA INC HCA INC HCA INC ANNUAL INCOME STATEMENT ANNUAL INCOME STATEMENT ANNUAL INCOME STATEMENT ANNUAL INCOME STATEMENT ANNUAL INCOME STATEMENT ($ MILLIONS EXCEPT PER SHARE) ($ MILLIONS EXCEPT PER SHARE) ($ MILLIONS EXCEPT PER SHARE) ($ MILLIONS EXCEPT PER SHARE) ($ MILLIONS EXCEPT PER SHARE) Dec09 Dec08 Dec07 Dec06 Dec05 Sales $ 30052 $ 28374 $ 26858 $ 25477 $ 24455 Cost of Goods Sold 24826 24023 22480 21448 20391 Gross Profit 5226 4351 4378 4029 4064 Depreciation 1425 1416 1426 1391 1374 Operating Profit 3801 2935 2952 2638 2690 Interest Expense 1987 2021 2215 955 655 Non-Operating Income/Expense 188 256 661 179 412 Pretax Income 2002 1170 1398 1862 2327 Total Income Taxes 627 268 316 625 725 Minority Interest 321 229 208 201 178 Net Income $ 1054 $ 673 $ 874 $ 1036 $ 1424 ANNUAL BALANCE SHEET ANNUAL BALANCE SHEET ANNUAL BALANCE SHEET ANNUAL BALANCE SHEET ANNUAL BALANCE SHEET ASSETS Dec09 Dec08 Dec07 Dec06 Dec05 Cash & Equivalents $ 312 $ 465 $ 393 $ 634 $ 336 Net Receivables 3692 3780 3895 3705 3332 Inventories 802 737 710 669 616 Other Current Assets 1771 1319 1207 1070 931 Total Current Assets 6577 6301 6205 6078 5215 Gross Plant Property & Equipment 24669 23714 22579 21907 20818 Accumulated Depreciation 13242 12185 11137 10238 9439 Net Plant Property & Equipment 11427 11529 11442 11669 11379 Investments at Equity 853 842 688 679 627 Other Investments 1166 1422 1669 1886 2134 Intangibles 2577 2580 2629 2601 2626 Deferred Charges 418 458 539 614 85 Other Assets 1113 1148 853 148 159 TOTAL ASSETS 24131 24280 24025 23675 22225 LIABILITIES Long Term Debt Due In One Year 846 404 308 293 586 Accounts Payable 1460 1370 1370 1415 1484 Taxes Payable 224 190 Accrued Expenses 2007 1912 1981 1868 1825 Total Current Liabilities 4313 3910 3849 3576 3895 Long Term Debt 24824 26585 27000 28115 9889 Deferred Taxes 390 830 Minority Interest 1008 995 938 907 828 Other Liabilities 2825 2890 2612 1936 1920 TOTAL LIABILITIES 32970 34380 34399 34924 17362 Preferred Stock 147 155 164 125 Common Stock 1 1 1 1 4 Capital Surplus…
