Ratio of Liabilities to Stockholders' EquityandRatio of Fixed Assets to Long-Term Liabilities

Recent balance sheet information for two companies in the food industry,Mondelez International, Inc. (MDLZ), andThe Hershey Company (HSY), is as follows (in thousands):

MondelezHersheyNet property, plant, and equipment$8,229,000$2,177,248Current liabilities14,417,0001,909,443Long-term debt13,217,0002,347,455Other long-term liabilities8,689,000439,748Stockholders' equity25,215,000827,687

a.Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place.

MondelezHershey

b.Determine the ratio of fixed assets to long-term liabilities for both companies. Round to one decimal place.

MondelezHershey

c.AlthoughHershey

uses more debt, it hasslightly stronger

creditor protection and borrowing capacity.

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