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

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

H.J. Heinz $1,998,153 2,505,106 4,413,641 1,272,596 1,841,683 Hershey Net property, plant, and

a. Determine the ratio of liabilities to stockholders?? equity for both companies. Round to one decimal place.b. Determine the ratio of fixed assets to long-term liabilities for both companies. Round to one decimal place.c. Interpret the ratio differences between the twocompanies.

H.J. Heinz $1,998,153 2,505,106 4,413,641 1,272,596 1,841,683 Hershey Net property, plant, and equipment Current liabilities Long-term debt Other long-term liabilities $1,651,300 1,453,538 1,248,128 486,473 683,423 Stockholders' equity

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