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.
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Roll Instructions
(a) Based on the information contained in these financial statements, compute the following 2004 values for each company.
(1) Receivables turnover ratio. (Assume all sales were credit sales.)
(2) Average collection period for receivables.
(b) What conclusions concerning the management of accounts receivable can be drawn from these data?
RESEARCH CASE
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Related Book For
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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