The financial statements of Hershey Foods are presented in Appendix B, following the financial statements for Tootsie

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The financial statements of Hershey Foods are presented in Appendix B, following the financial statements for Tootsie Roll in Appendix A.

Instructions

(a) For each company calculate the following values for 1998:

(1) Working capital.

(2) Current ratio.

(3) Debt to total assets ratio.
(4) Profit margin ratio.
(5) Return on assets ratio.

(b) Based on your findings above, discuss the relative liquidity, solvency, and profitability of the two companies.
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Financial Accounting Tools For Business Decision Making

ISBN: 9780471347743

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 25, 2024 02:01 AM

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The financial statements of Hershey Foods are presented in Appendix B, following the financial statements for Tootsie

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Financial Accounting Tools For Business Decision Making

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