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Accounting project(2) - than hershey's The average...

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Tootsie Hershey 14.61 9.80 24.98 37.24 0.61 1.18 0.06 0.05 0.21 0.85 144.70 3.87 Receivable Turnover Ratio Average Collection Period Assets Turnover Ratio Return on Assets Ratio Debt to total Assets Ratio Times Interest Earned Ratio
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Formula 365/Turnover Ratio Net Sales/Average Total Assets Net Income/Average Total Assets Total Liabilities/Total Assets Interpretaion and Comparison between the two companies Ratio Accounts Receivable Turnover Ratio =  annual credit sales / average accounts  receivable Tootise receivable turnover is much higher
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Unformatted text preview: than hershey's The average collection period for Tootsie is a bit better than hershey. They are collecting their debt in less than a month The asset turnover ratio is a lot lower with tootsie than hershey showing that they have a better sales The return on assets is about the same with the two companies The debt to total asset is about equal to each other. Net Income+Interest expense+Tax Expense/ Interest expense The interest earned ratio is really high for hershey vs tootsie....
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