50.1K

Verified Solution

Link Copied!

please show all

steps. thank you.

that was it.

Click HERE for Hershey's homepage. How do you get to their most current fiscal year end to answer these questions? Remember that the 10-K includes all of the financial data. Follow this thread after you click on the hyperlink. Investors=>SEC & Section 16 Filings=>View SEC Filings=>Annual Filings (select from Group)=>10-K. The most current fiscal 10-K will be listed first. Answers to questions 1-4 are in Item 8. All numbers in the financial statements for Hershey are listed "in thousands". Correct answers to questions 1-4 will have the amount AND "in thousands". (This is the same as having multiplied the number by 1,000.) The formulas for ratios in questions 5-8 are in chapter 8 textbook and Power Point. Correct answers to questions 5-8 must include calculations, correct format for that ratio and rounded to two decimal places. Question 8 is extra credit. List - PRIN OF ACCTI Section 072 Spring Semest.. Chegg - Get 24 Click on the most current annual report to answer the following questions. *Consider all sales to be on account. 1. What is the value of Accounts Receivables at the end of the most current fiscal year? (2 points) 2. What is the value of Accounts Receivables at the end of the next to most current fiscal year? (2 points) 3. What is the value of Sales at the end of the most current fiscal year? (2 points) 4. What is the value of Sales at the end of the next to most current fiscal year? (2 points) 5. What is the Receivables Turnover Ratio at the end of the most current fiscal year? (3 points) 6. What is the Average Collection Period at the end of the most current fiscal year? (2 points) 7. If Hershey would have tightened their credit policy, Allowance for Doubtful Accounts for the current year would have been $32,743. What would have been their Average Collection Period? (7 points) 8 What is the Receivables Turnover Ratio at the end of the next to most current fiscal year? (3 points extra credit) Click HERE for Hershey's homepage. How do you get to their most current fiscal year end to answer these questions? Remember that the 10-K includes all of the financial data. Follow this thread after you click on the hyperlink. Investors=>SEC & Section 16 Filings=>View SEC Filings=>Annual Filings (select from Group)=>10-K. The most current fiscal 10-K will be listed first. Answers to questions 1-4 are in Item 8. All numbers in the financial statements for Hershey are listed "in thousands". Correct answers to questions 1-4 will have the amount AND "in thousands". (This is the same as having multiplied the number by 1,000.) The formulas for ratios in questions 5-8 are in chapter 8 textbook and Power Point. Correct answers to questions 5-8 must include calculations, correct format for that ratio and rounded to two decimal places. Question 8 is extra credit. List - PRIN OF ACCTI Section 072 Spring Semest.. Chegg - Get 24 Click on the most current annual report to answer the following questions. *Consider all sales to be on account. 1. What is the value of Accounts Receivables at the end of the most current fiscal year? (2 points) 2. What is the value of Accounts Receivables at the end of the next to most current fiscal year? (2 points) 3. What is the value of Sales at the end of the most current fiscal year? (2 points) 4. What is the value of Sales at the end of the next to most current fiscal year? (2 points) 5. What is the Receivables Turnover Ratio at the end of the most current fiscal year? (3 points) 6. What is the Average Collection Period at the end of the most current fiscal year? (2 points) 7. If Hershey would have tightened their credit policy, Allowance for Doubtful Accounts for the current year would have been $32,743. What would have been their Average Collection Period? (7 points) 8 What is the Receivables Turnover Ratio at the end of the next to most current fiscal year? (3 points extra credit)

Answer & Explanation Solved by verified expert

See Answer