Recent balance sheet information for two companies in the food industry, H.J. Heinz Co. and Hershey Foods
Question:
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 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...
Transcribed Image Text:
Hershey Foods Net property, plant, and equipment Current liabilities Long-term debt Other liabilities (pensions, deferred taxes) Stockholders' equity 52,250,074 2,509,169 4,642,968 1,407,607 1,718,616 $1,534,901 606,444 876,972 1,223,254 1,147,204
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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