18. TABLE 6-4 Average Nonfinancial Debt Ratios , 2002-2007 Industry Debt Ratios 2004
19. TABLE 6-5 Median Values of Key Ratios by Standard & Poor’s Rating Category
20.
21.
22. TABLE 6-6 Scotts Miracle-Gro Company’s Partial Pro Forma Income Statements in 2007 under Bust and Boom Conditions ($ millions except EPS)
23.
24. FIGURE 6-2 Range of Earnings Chart for Scotts Miracle-Gro Company
25.
26.
27. FIGURE 6.3 The Higgins 5-Factor Model for Financing Decisions
28.
29.
30.
31.
32.
33. TABLE 6-7 An Investment That Benefits Owners but Hurts the Firm and Its Creditors ($millions)
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57. TABLE 6A-1 In the Absence of Taxes, Debt Financing Affects Neither Income nor Firm Value; In the Presence of Taxes, Prudent Debt Financing Increases Income and Firm Value