The financial statements of Hershey Foods are presented in Appendix B, following the financial statements for Tootsie
Question:
The financial statements of Hershey Foods are presented in Appendix B, following the financial statements for Tootsie Roll Industries in Appendix A.
Instructions
(a) Based on the information in these financial statements and the accompanying notes and schedules, compute the following values for each company in 2007.
(1) Return on assets ratio.
(2) Profit margin.
(3) Asset turnover ratio.
(b) What conclusions concerning the management of plant assets can be drawn from these data?
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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a b The asset turnover ratio measures how efficiently a company uses its assets to generate sales It ...View the full answer
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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