byp10 2 the financial statements of the hershey company are presented in appendix b 535201
BYP10-2 The financial statements of The Hershey Company are presented in Appendix B, following the financial statements for Tootsie Roll Industries in Appendix A.
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byp10 2 the financial statements of the hershey company are presented in appendix b 535201
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(a) Based on the information contained in these financial statements, compute the current ratio for 2009 for each company. What conclusions concerning the companies” liquidity can be drawn from these ratios?
(b) Based on the information contained in these financial statements, compute the following 2009 ratios for each company.
(1) Debt to total assets.
(2) Times interest earned. (Hershey”s total interest expense for 2009 was $91,336,000. See Tootsie Roll”s Note 10 for its interest expense.)
What conclusions about the companies” long-run solvency can be drawn from the ratios?
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