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

Recent balance sheet information for two companies in the snack food industry, The Hershey Company (HSY) and Mondelez International, Inc. (MDLZ), is as follows (in millions of dollars): Hershey Mondelez Net property, plant, and equipment Liabilities: $2,107 $ 8,677 Current liabilities $2,077 Long-term debt Other long-term liabilities Total liabilities 2,061 484 $4,622 $15,793 12,972 8,153 $36,918 Stockholders' equity 932 Total liabilities and stockholders' equity $5,554 26,191 $63,109 a. Determine the debt ratio for both companies. Round to one decimal place. ANSWER b. Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place. c. Determine the ratio of fixed assets to long-term liabilities for both companies. Round to two decimal places. d. Interpret the ratio differences between the two companies

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