Exhibit contains the income statements and balance sheets of The Hershey Company, manufacturer of such well-known products as Hersheys chocolate
Exhibit contains the income statements and balance sheets of The Hershey Company, manufacturer of such well-known products as Hersheyâ€™s chocolate bars, Reeseâ€™s peanut butter cups, Almond Joy candy bars, and York peppermint patties.
1. Compute the following ratios for 2011:
(b) Average collection period,
(c) Inventory turnover. Assume all sales are on credit.
2. Assess Hersheyâ€™s liquidity compared with the following averages for the food processing industry as provided by Reuters and with ratios computed for Tootsie Roll, a competitor in the candy manufacturing, marketing, sales, and distribution industry. Reuters provides the following overview of the food processing industry. The industry consists of â€œcompanies engaged in processing and packaging produce, meats, fish, animal feeds, fruit juices and dairy products. The industry includes, grain milling, crop cleaning, grading and packaging, animal slaughtering and packaging operations, seafood processing, freezing, canning operations, juice, coffee, tea, dairy and all other food manufacturers, including petfoods.â€
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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