The financial statements of Hershey Foods are presented in Appendix B, following the financial statements for Tootsie
Question:
The financial statements of Hershey Foods are presented in Appendix B, following the financial statements for Tootsie Roll in Appendix A.
Instructions .
(a) Based on the information in the financial statements, compute these 1998 values for each company. (Do not adjust for the LIFO reserve.)
1. Inventory turnover ratio.
2. Days in inventory. ee he ce .
(b) What conclusions concerning the management of the inventory can be drawn from these data?
RESEARCH CASE
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Related Book For 
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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