Recent balance sheet information for two companies in the food industry, H.J. Heinz Company and the Hershey

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

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a. Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place.b. Interpret the ratio differences between the two companies.

Balance Sheet
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...
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Related Book For  book-img-for-question

Financial and Managerial Accounting

ISBN: 978-0538480895

11th Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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