470 P4-18 Ratios Analysis: Hershey Refer to the information for Hershey on the preceding page. Additional information LO 4.6 for 2013 is as follows amounts in millions): Total credit sales fall on credit) $7,146.1 Costs of goods sold 3,865.2 Not income 820.5 Required: Next Level Compute the following ratios for 2013. Provide a brief description of what each ratio reveals about Hershey. 1. retum on common equity 2. debt-to-assets 3. debt-to-equity 4. current 5. quick (Hershey uses cash and equivalents, short-term securities, and receivables in their quick ratio calculation.) 6. inventory turnover days 7. accounts receivable turnover days 8. accounts payable tumover days 9. operating cycle (in days) 10. total asset turnover 470 P4-18 Ratios Analysis: Hershey Refer to the information for Hershey on the preceding page. Additional information LO 4.6 for 2013 is as follows amounts in millions): Total credit sales fall on credit) $7,146.1 Costs of goods sold 3,865.2 Not income 820.5 Required: Next Level Compute the following ratios for 2013. Provide a brief description of what each ratio reveals about Hershey. 1. retum on common equity 2. debt-to-assets 3. debt-to-equity 4. current 5. quick (Hershey uses cash and equivalents, short-term securities, and receivables in their quick ratio calculation.) 6. inventory turnover days 7. accounts receivable turnover days 8. accounts payable tumover days 9. operating cycle (in days) 10. total asset turnover