Recent balance sheet information for two companies in the food industry, Mondelez International, Inc. and The Hershey

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Recent balance sheet information for two companies in the food industry, Mondelez International, Inc. and The Hershey Company, is as follows (in thousands):

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 two companies.

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 14, 2021 06:24 AM

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Recent balance sheet information for two companies in the food industry, Mondelez International, Inc. and The Hershey

Question:

Mondelez Hershey $2,130,294 2,418,566 3,254.280 $ 8,482,000 Net property, plant, and equipment Current liabilities 16,737,000 Long-term debt 12.532,000 7,747,000 622,908 Other long-term liabilities Stockholders'equity 25,713,000 1407,266

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