Tootsie Roll Vs Hershey

Essay specific features

 

Issue:

Business

 

Written by:

Tina N

 

Date added:

October 8, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 356

 

Was viewed:

5889 times

 

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Essay content:

These numbers can be found by analyzing the company’s balance sheet. The company that closely matches or exceeds the industry averages in liquidity is Tootsie Roll. Tootsie Roll’s current ratio of 2.34 exceeds that of the industries 1.29. They also have a lower cash to debt ratio 1.05 (2.37 industry, days in inventory 63...
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They also have a lower cash to debt ratio 1.05 (2.37 industry, days in inventory 63.98 (industry 72.7) and a quicker inventory turnover 5.7 (industry 6.05). The only ratio were Hershey exceeds Tootsie Roll is receivables turnover ratio. Hershey collects more of its receivables but Tootsie Roll collects faster...
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