The financial statements of The Hershey Company are presented in Appendix B, following the financial statements for
Question:
The financial statements of The Hershey Company are presented in Appendix B, following the financial statements for Tootsie Roll Industries in Appendix A.
Instructions
(a) Based on the information in these financial statements and the accompanying notes and schedules, compute the following values for each company in 2009.
(1) Return on assets ratio.
(2) Profit margin (use “Total Revenue”).
(3) Asset turnover ratio.
(b) What conclusions concerning the management of plant assets can be drawn from these data?
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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