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Obj.7 MAD 10-3 Analyze Hershey The Hershey Company (HSY) is the largest producer of chocolate in North America und the end of three recent years
Obj.7 MAD 10-3 Analyze Hershey The Hershey Company (HSY) is the largest producer of chocolate in North America und the end of three recent years (in thousands): ershey's and Reese's brand names. The following balance sheet information is provided at Year 3 Year 2 ear 1 Current assets: 346,529 $ 374,854 97,131 596,940 801,036 377,086 $2,247,047 Cash $ 296,967 581,381 745,678 192,752 $1,816,778 599,073 750,970 152,026 Accounts receivable . . . $1,848,598 Current liabilities: Accounts payable. Other current liabilities 522,536 1,386,907 474,266 1,743,646 $2,217,912 482,017 1,453,630 $1,935,647 Total current liabilities $1,90944$ a. Compute the working capital for the three years. b. Compute the current ratio for the three years. Round to one decimal place. c. Compute the quick ratio for the three years. Round to one decimal place. Interpret the short-term liquidity for the three years from (c). Are the other two measures in (a) and (b) consistent with your analysis in (a d. e
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