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.

|, ST on a? 8 Roll Instructions

(a) Based on the information in these financial statements, compute these 2004 ratios for each company:

(1) Current cash debt coverage.

(2) Cash debt coverage.

(b) What conclusions about the management of cash can you draw from these data?

RESEARCH CASE

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471730514

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

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Question Posted: Jul 08, 2024 02:03 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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