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AccountingIntermediate Accounting: Reporting And Analysis3rd Edition

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Chapter 4, Problem 18P
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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281

Solutions

Chapter
Section
Problem 1GI
Problem 2GI
Problem 3GI
Problem 4GI
Problem 5GI
Problem 6GI
Problem 7GI
Problem 8GI
Problem 9GI
Problem 10GI
Problem 11GI
Problem 12GI
Problem 13GI
Problem 14GI
Problem 15GI
Problem 16GI
Problem 17GI
Problem 18GI
Problem 19GI
Problem 20GI
Problem 21GI
Problem 22GI
Problem 23GI
Problem 24GI
Problem 25GI
Problem 26GI
Problem 27GI
Problem 28GI
Problem 29GI
Problem 30GI
Problem 31GI
Problem 32GI
Problem 33GI
Problem 34GI
Problem 1MC
Problem 2MC
Problem 3MC
Problem 4MC
Problem 5MC
Problem 6MC
Problem 7MC
Problem 8MC
Problem 9MC
Problem 10MC
Problem 1RE
Problem 2RE
Problem 3RE
Problem 4RE
Problem 5RE
Problem 6RE
Problem 7RE
Problem 8RE
Problem 9RE
Problem 10RE
Problem 1E
Problem 2E
Problem 3E
Problem 4E
Problem 5E
Problem 6E
Problem 7E
Problem 8E
Problem 9E
Problem 10E
Problem 11E
Problem 12E
Problem 1P
Problem 2P
Problem 3P
Problem 4P
Problem 5P
Problem 6P
Problem 7P
Problem 8P
Problem 9P
Problem 10P
Problem 11P
Problem 12P
Problem 13P
Problem 14P
Problem 15P
Problem 16P
Problem 17P
Problem 18P
Problem 1C
Problem 2C
Problem 3C
Problem 4C
Problem 5C
Problem 6C
Problem 7C
Problem 8C
Problem 9C
BuyFindarrow_forward

Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281
Textbook Problem
1 views

Use the following information for P4—17 and P4—18:

The Hershey Company is one of the world’s leading producers of chocolates, candies, and confections. It sells chocolates and candies, mints and gums, baking ingredients, toppings, and beverages. Hershey’s consolidated balance sheets for 20X2 and 20X3 follow.

Chapter 4, Problem 18P, Use the following information for P417 and P418: The Hershey Company is one of the worlds leading , example 1

Ratios Analysis: Hershey Refer to the information for Hershey On the preceding page. Additional information for 20X3 is as follows (amounts in millions):

Chapter 4, Problem 18P, Use the following information for P417 and P418: The Hershey Company is one of the worlds leading , example 2

Required:

Next Level Compute the following ratios for 20X3. Provide a brief description of what each ratio reveals about Hershey.

  1. 1. return on common equity
  2. 2. debt-to-assets
  3. 3. debt-to-equity
  4. 4. current
  5. 5. quick (Hershey uses cash and equivalents, short terms securities, and receivables in their quick ratio calculation.)
  6. 6. inventory turnover days
  7. 7. accounts receivable turnover days
  8. 8. accounts payable turnover days
  9. 9. operating cycle (in days)
  10. 10. total asset turnover

Requirement 1:

To determine

Determine the return on common equity ratio of Company H for 20X3.

Explanation

Determine the return on common equity ratio of Company H for 20X3:

Step 1: Calculate the average total common stockholders’ equity.

Average total commonstockholders’ equity} ={[Total common stocholders' equity, ending+Total common stocholders' equity, beginning+]2}={[$1,616.1million+$1,048.4million]2}=$2,664

Requirement 2:

To determine

Determine the debt-to-assets ratio of Company H for 20X3.

Requirement 3:

To determine

Determine the debt-to-equity ratio of Company H for 20X3.

Requirement 4:

To determine

Determine the current ratio of Company H for 20X3.

Requirement 5:

To determine

Determine the quick ratio of Company H for 20X3.

Requirement 6:

To determine

Determine the inventory turnover in days of Company H for 20X3.

Requirement 7:

To determine

Determine the accounts receivable turnover in days of Company H for 20X3.

Requirement 8:

To determine

Determine the accounts payable turnover in days of Company H for 20X3.

Requirement 9:

To determine

Determine the operating cycle in days of Company H for 20X3.

Requirement 10:

To determine

Determine the total assets turnover ratio of Company H for 20X3.

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Ch-4 P-1GICh-4 P-2GICh-4 P-3GICh-4 P-4GICh-4 P-5GICh-4 P-6GICh-4 P-7GICh-4 P-8GICh-4 P-9GICh-4 P-10GI
Ch-4 P-11GICh-4 P-12GICh-4 P-13GICh-4 P-14GICh-4 P-15GICh-4 P-16GICh-4 P-17GICh-4 P-18GICh-4 P-19GICh-4 P-20GICh-4 P-21GICh-4 P-22GICh-4 P-23GICh-4 P-24GICh-4 P-25GICh-4 P-26GICh-4 P-27GICh-4 P-28GICh-4 P-29GICh-4 P-30GICh-4 P-31GICh-4 P-32GICh-4 P-33GICh-4 P-34GICh-4 P-1MCCh-4 P-2MCCh-4 P-3MCCh-4 P-4MCCh-4 P-5MCCh-4 P-6MCCh-4 P-7MCCh-4 P-8MCCh-4 P-9MCCh-4 P-10MCCh-4 P-1RECh-4 P-2RECh-4 P-3RECh-4 P-4RECh-4 P-5RECh-4 P-6RECh-4 P-7RECh-4 P-8RECh-4 P-9RECh-4 P-10RECh-4 P-1ECh-4 P-2ECh-4 P-3ECh-4 P-4ECh-4 P-5ECh-4 P-6ECh-4 P-7ECh-4 P-8ECh-4 P-9ECh-4 P-10ECh-4 P-11ECh-4 P-12ECh-4 P-1PCh-4 P-2PCh-4 P-3PCh-4 P-4PCh-4 P-5PCh-4 P-6PCh-4 P-7PCh-4 P-8PCh-4 P-9PCh-4 P-10PCh-4 P-11PCh-4 P-12PCh-4 P-13PCh-4 P-14PCh-4 P-15PCh-4 P-16PCh-4 P-17PCh-4 P-18PCh-4 P-1CCh-4 P-2CCh-4 P-3CCh-4 P-4CCh-4 P-5CCh-4 P-6CCh-4 P-7CCh-4 P-8CCh-4 P-9C

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