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 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 2004.

(1) Return on assets ratio.

(2) Profit margin.

(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: 9780471730514

4th Edition

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

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Question Posted: Jul 05, 2024 10:08 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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