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 Industries in Appendix A.

Instructions

(a) Based on the information in these financial statements and the accompanying notes and schedules, compute the following values for each company in 1998:

(1) Average useful life of plant assets.

(2) Average age of plant assets.

(3) Asset turnover ratio.

(b) What conclusions concerning the management of plant assets can be drawn from these data?

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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 02:06 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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