Buy custom Financial Analysis: Hershey Corp. & Tootsie Roll Industries
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Miscellaneous
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| Number of pages / Number of words: |
11 / 3004 |
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We could not locate an industry average against which to compare both companies.
Accounts Receivable Turnover
Receivable turnover ratio is "a measure of the liquidity of receivables, computed by dividing net credit sales by average net receivables" (Kimmel et al, 2007, p. 396). A high ratio indicates a tight credit policy...
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396). A high ratio indicates a tight credit policy. A low or declining ratio indicates a collection problem, part of which may be due to bad debts.
Hershey declined from 10.8173 in 2004 to 9.1397 in 2006, which is below the industry average of 11.8 for all three years. Tootsie declined from 13.3212 in 2004 to 12...
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I Just Wanna Be Average
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Financial Analysis: Hershey Corp. & Tootsie Roll Industries
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tootsie roll industries, inc
i just want to be average
industry average
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