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I also need a explanation of how you came up with the answers. So I know how to work out the ratios. Styles IN 5.027-6
I also need a explanation of how you came up with the answers. So I know how to work out the ratios.
Styles IN 5.027-6 (4,558.7) 085.1) Retained Earnings Treasury: Stock (at cost) Accumulated Other Comprehensive Loss Noncontrolling interests Total Shareholders' Equity Total Liabilities and Shareholders' Equity 5,454.3 (4,707.7) (166.6) 11.2 $1,616.1 $5.357.5 $1,048.4 $4,754.8 Additional information for 20X3 13 as follows (amount: in millions): Total credit sales (all on credit) Costs of goods sold Net income $7.146.1 3.8652 $20.5 Required: Next Level Compute the following ratio: for 20X3. Provide a brief description of what each ratio reveals about Hershey. 1. Return on common equity (Round your answer to three decimal places.)___ 2. Debt-to-assets (Round your answer to three decimal places.) 0.698 3. Debt-to-equity (Round your answer to two decimal places.)____ 4. Current (Round your answer to two decimal places.) 1.71 5. Quick (Round your answer to two decimal places) 6. Inventory tumover day: (Use 365 days. Round your answer to nearest whole number.) days 7. Accounts receivable turnover day's (Use 365 days. Round your answer to nearest whole number.) S. Accounts payable turnover daya (Use 365 days. Round your answer to nearest whole number.) day: 9. Operating cycle (in days) (Use 365 days. Round your answer to nearest whole number.) 10. Total asset turnover (Round your answer to two decimal places.) Ch 4 Comp Problem? Ratios Analysis: Hershey The Hershey Company is one of the world's leading producers of chocolates, candies, and confections. It sells chocolates and candies, mints and gums, baking ingredients, toppings, and beverages. Hershey's consolidated balance sheets for 20X2 and 2083 follow. Hershey: Consolidated Balance Sheets Dollar Amounts in Millions 20X2 20X3 Assets Current Assets Cash and Equivalents $728.3 $1.118.5 Receivables 461.4 477.9 Inventories 633.3 659,5 Deferred Income Taxes 122.2 52.5 Prepaid Expenses and Other Assets 168.3 178,9 Total Current Assets $2,113.6 $2,487.3 Property, Plant and Equipment, Net 1,674.1 1,80$. 3 Goodwill $88.0 576.6 Other Intangible Assets, net 214.7 Other Asgets 164.5 293.0 Total Assets $4,754.8 $5,357.5 Liabilities and Shareholders' Equity Current Liabilities Accounts Payable $442.0 $461,5 Accrued Liabilities 650.9 699.2 Accrued Income Taxes 79.9 Short-Term Debt 118.2 166.0 Current Portion of Long-Term Debt 257.7 0.9 Total Current Liabilities $1,471.1 $1,408.0 Long-Tem Debt 1.531.0 1.795.1 668.7 434.1 Other Long-Term Liabilities 104.2 Deferred Income Taxes Total Liabilities $3,706.5 $3,741.4 Shareholders' Equity Common Stock 359.9 359.9 Additional Paid-In Capital 593.0 664.9Step by Step Solution
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