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Asset Management for Hershey

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Hershey Asset Management 2008 Tootsie Roll Asset Management 2008
Total Asset Turnover = Sales/Total Asset Total Asset Turnover = Sales/Total Asset
5,132,768 / 3,634,719 = 1.412 496,016 /812,092   = 0.611

Average Collection Period(ACP) Average Collection Period(ACP)
Account Receivable Turnover = Credit Sales/Account Receivable Account Receivable Turnover = Credit Sales/Account Receivable
Account Receivable Turnover = 5,132,768 / 526,056  = 9.757 Account Receivable Turnover = 496,016/34,196 = 14.505
APC = 365/ Account Receivable Turnover APC = 365/ Account Receivable Turnover
APC = 365/ 9.757 = 37.4 APC = 365/ 14.595 = 25.008

Hershey Asset Management 2009 Hershey Asset Management 2009
Total Asset Turnover = sales/Total Asset Total Asset Turnover = sales/Total Asset
5,298,668/3,675,031  = 1.441 499,331/838,247  = 0.596

Average Collection Period(ACP) Average Collection Period(ACP)
Account Receivable Turnover = Credit Sales/Account Receivable Account Receivable Turnover = Credit Sales/Account Receivable
Account Receivable Turnover = 5,298,668/ 450,258  = 11.768 Account Receivable Turnover = 499,331/47276 = 10.562
APC = 365/ Account Receivable Turnover APC = 365/ Account Receivable Turnover
APC = 365/ 11.768 = 31.01 APC = 365/ 10.562= 34.557

Comments ratio analysis should include ratios for the years 2008 and 2009 and also should include comparisons between Tootsie Roll and Hershey Foods.

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Solution Summary

The expert examines asset management for Hershey Company.

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