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.

Instructions

(a) Based on the information in the financial statements, compute these 2004 values for each company. (Do not adjust for the LIFO reserve.)

(1) Inventory turnover ratio.

(2) Days in inventory.

(b) What conclusions concerning the management of the inventory can you draw from these data?

310 CHAPTER 6 Reporting and Analyzing Inventory RESEARCH CASE

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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 09, 2024 10:00 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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