Accounting Essay

1387 Words 6 Pages
AccountingYour Course Project
Financial Statement Analysis Project -- A Comparative Analysis of The Hershey Company & Tootsie Roll Industries

(2007 Financial Statements are available in the eBook) Description | Overall Requirements | Part 1 | Part 2 | Part 3 | Grade Information

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This course contains a course project where you will be required to submit parts of the project at various stages within your course. Using the financial statements for Tootsie Roll Industries and The Hershey Company located in Appendix A and B, respectively, you will calculate and compare the financial ratios listed below for the year ended on December 31, 2007, and prepare your comments about the
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Prepare a four-column worksheet in Excel, with the left-most column (column 1) to write the ratio names, the second column from the left (column 2) to show the calculation of each ratio for Tootsie Roll Industries, the second column from the right (column 3) to show the calculation of each ratio for The Hershey Company, and the right-most column (column 4) to include your DETAILED comments about each ratio and what the ratio tells you about each company under study. Calculate each of the following six ratios. 1. Earnings per Share 2. Current Ratio 3. Gross Profit Rate 4. Profit Margin Ratio 5. Inventory Turnover Ratio 6. Days in Inventory (Average Age of Inventory)
Your spreadsheet will look like this: | Tootsie Roll Industries
Ratios | The Hershey Company
Ratio | Interpretation and comparison between the two companies' ratios | Earnings per Share | X | X | X | Current Ratio | X | X | X | Gross Profit Rate | X | X | X | Profit Margin Ratio | X | X | X | Inventory Turnover Ratio | X | X | X | Days in Inventory | X | X | X | Please upload your Excel file in the appropriate Dropbox according to the deadline shown in the syllabus. Unless you receive permission from the instructor to delay the submission, failure to turn in this part of the project by the due date may

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