Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show all steps. thank you. that was it. Click HERE for Hershey's homepage. How do you get to their most current fiscal year end

please show all
steps. thank you. image text in transcribed
image text in transcribed
that was it.
Click HERE for Hershey's homepage. How do you get to their most current fiscal year end to answer these questions? Remember that the 10-K includes all of the financial data. Follow this thread after you click on the hyperlink. Investors=>SEC & Section 16 Filings=>View SEC Filings=>Annual Filings (select from Group)=>10-K. The most current fiscal 10-K will be listed first. Answers to questions 1-4 are in Item 8. All numbers in the financial statements for Hershey are listed "in thousands". Correct answers to questions 1-4 will have the amount AND "in thousands". (This is the same as having multiplied the number by 1,000.) The formulas for ratios in questions 5-8 are in chapter 8 textbook and Power Point. Correct answers to questions 5-8 must include calculations, correct format for that ratio and rounded to two decimal places. Question 8 is extra credit. List - PRIN OF ACCTI Section 072 Spring Semest.. Chegg - Get 24 Click on the most current annual report to answer the following questions. *Consider all sales to be on account. 1. What is the value of Accounts Receivables at the end of the most current fiscal year? (2 points) 2. What is the value of Accounts Receivables at the end of the next to most current fiscal year? (2 points) 3. What is the value of Sales at the end of the most current fiscal year? (2 points) 4. What is the value of Sales at the end of the next to most current fiscal year? (2 points) 5. What is the Receivables Turnover Ratio at the end of the most current fiscal year? (3 points) 6. What is the Average Collection Period at the end of the most current fiscal year? (2 points) 7. If Hershey would have tightened their credit policy, Allowance for Doubtful Accounts for the current year would have been $32,743. What would have been their Average Collection Period? (7 points) 8 What is the Receivables Turnover Ratio at the end of the next to most current fiscal year? (3 points extra credit) Click HERE for Hershey's homepage. How do you get to their most current fiscal year end to answer these questions? Remember that the 10-K includes all of the financial data. Follow this thread after you click on the hyperlink. Investors=>SEC & Section 16 Filings=>View SEC Filings=>Annual Filings (select from Group)=>10-K. The most current fiscal 10-K will be listed first. Answers to questions 1-4 are in Item 8. All numbers in the financial statements for Hershey are listed "in thousands". Correct answers to questions 1-4 will have the amount AND "in thousands". (This is the same as having multiplied the number by 1,000.) The formulas for ratios in questions 5-8 are in chapter 8 textbook and Power Point. Correct answers to questions 5-8 must include calculations, correct format for that ratio and rounded to two decimal places. Question 8 is extra credit. List - PRIN OF ACCTI Section 072 Spring Semest.. Chegg - Get 24 Click on the most current annual report to answer the following questions. *Consider all sales to be on account. 1. What is the value of Accounts Receivables at the end of the most current fiscal year? (2 points) 2. What is the value of Accounts Receivables at the end of the next to most current fiscal year? (2 points) 3. What is the value of Sales at the end of the most current fiscal year? (2 points) 4. What is the value of Sales at the end of the next to most current fiscal year? (2 points) 5. What is the Receivables Turnover Ratio at the end of the most current fiscal year? (3 points) 6. What is the Average Collection Period at the end of the most current fiscal year? (2 points) 7. If Hershey would have tightened their credit policy, Allowance for Doubtful Accounts for the current year would have been $32,743. What would have been their Average Collection Period? (7 points) 8 What is the Receivables Turnover Ratio at the end of the next to most current fiscal year? (3 points extra credit)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting An Introduction

Authors: Eddie McLaney, Dr Peter Atrill, Eddie J. Mclan

5th Edition

0273733206, 978-0273733201

More Books

Students also viewed these Accounting questions