Recent balance sheet information for two companies in the food industry, H.J. Heinz Co. and Hershey Foods

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Recent balance sheet information for two companies in the food industry, H.J. Heinz Co. and Hershey Foods Corp., are as follows (in thousands of dollars):

Recent balance sheet information for two companies in the food 148777

a. Determine the ratio of liabilities to stockholders€™ equity for both companies. Round to two digits after the decimal place.
b. Determine the ratio of fixed assets to long-term liabilities for both companies. Round to two digits after the decimal place.
c. Interpret the ratio differences between the twocompanies.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Accounting

ISBN: 978-0324188004

21st Edition

Authors: Carl s. warren, James m. reeve, Philip e. fess

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