The following data were taken from Hershey Foods Corporations 2013 annual report. All dollar amounts are in
Question:
.png)
Required
a. Compute Hershey€™s accounts receivable turnover ratios for 2013 and 2012.
b. Compute Hershey€™s average days to collect accounts receivables for 2013 and 2012.
c. Based on the ratios computed in Requirements a and b, did Hershey€™s performance get better or worse from 2012 to 2013?
d. In 2013 Hershey issued long-term notes payable with an interest rate of 4.2 percent. Assume it took Hershey 30 days to collect its receivables. Using an interest rate of 4.2 percent, calculate how much it cost Hershey€™s to finance its receivables for 30 days in 2013.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a Accounts receivable turnover 2013 7146079 444912 161 times 2012 6644252 46138...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
11+ Reviews
14+ Question Solved
Related Book For 
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
Question Posted:
