Based on the above tables, complete the following ratios: (The last image needs to be zoomed in on from the web-browser in order to see all the numbers)

1.Inventory turnover: Sales/Inventory of finished goods

2. Fixed assets turnover: Sales/Fixed assets

3. Total assets turnover: Sales/Total asset

4. . Accounts receivable turnover: Annual credit sales/Accounts receivable or

. Accounts receivable turnover: Net sales/Average accounts receivable

6. . Average Collection Period: Accounts receivable/Total credit sales / 365 days or

Average Collection Period: Accounts receivableet sales

7. Gross profit margin: (Sales minus costs of goods sold)/Sales

8. Operating profit margin: Earnings before interest and taxes (EBIT)/Sales

9. Net profit margin: Net income/Sales

10. Return on Assets: Net icome/ Total assets

Exhibit 2 Hershey's Net Sales and Income (in millions) 2014 Sales North America $6,352.7 International and Other 1,069.1 Total 7,421.8 Income North America 1,916.2 International and Other 40.0 Total $1,956.2 Source: Based on Hershey's 2014 Fonm 10K, p. 25. 2013 $6,200.1 946.0 7,146.1 1,862.6 44.6 $1,907.2 2014 $5,812.7 831.6 6,644.3 1,656.1 51.4 $1,707.5