The financial statements of The Hershey Company are presented in Appendix B, following the financial statements for

Question:

The financial statements of The Hershey Company 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, compute these 2009 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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Accounting Tools For Business Decision Making

ISBN: 9780470534786

4th Edition

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

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Question Posted: Jun 10, 2024 01:27 AM

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The financial statements of The Hershey Company are presented in Appendix B, following the financial statements for

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