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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