The Hershey Company is the largest producer of chocolate in North America under the Hershey's and Reese's

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The Hershey Company is the largest producer of chocolate in North America under the Hershey's and Reese's brand names. The following balance sheet information is provided at the end of three recent years (in thousands):
The Hershey Company is the largest producer of chocolate in

a. Compute the working capital for the three years.
b. Compute the current ratio for the three years. (Round to one decimal place.)
c. Compute the quick ratio for the three years. (Round to one decimal place.)
d. Interpret the short-term liquidity for the three years from (C).
e. Are the other two measures in (A) and (B) consistent with your analysis in (D)?

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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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

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

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