Refer to the information for Hershey on pages 4-64 and 4-65. Additional information for 2010 is as

Question:

Refer to the information for Hershey on pages 4-64 and 4-65. Additional information for 2010 is as follows (amounts in millions):
Total sales .......................$5,671.0
Costs of goods sold .............3,255.8
Net income ..........................509.8
Required:
Next Level Compute the following ratios for 2010. Provide a brief description of what each ratio reveals about Hershey.
1. Return on common equity
2. Debt-to-assets
3. Debt-to-equity
4. Current
5. Quick
6. Inventory turnover days
7. turnover days
8. turnover days
9. Operating cycle (in days)
10. Total Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... 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.