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Attached you will find completed homework which must be graded. This project must go to someone w


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Attached you will find completed homework which must be graded. This project must go to someone with an intimate knowledge of financial ratios. The data was gathered from the Hershey Co. 10K report 2014. Please review and correct providing documented reasons you have for the corrections. All work must provide specific detail. 


Running head: INDIVIDUAL CASE ANALYSIS 1 1 The Hershey Company 2014 Consolidated Balance Sheets

 

A Summary of Key Financial Ratios

 

I. Liquidity Ratios

 

Current Ratios Current assets

 

Current liabilities Quick ratio Current assets minus inventory

 

Current liabilities 2,247,047

 

1,935,647 = 1.16 %

 

2,247,047 ? 801,036

 

1,935,647 = 0.75 % II. Leverage Ratios

 

Debt-to-Total-Assets Ratio Debt-to-Equity Ratio Total debt 4,109,986 Total assets 5,629,516 = 0.73 % Total debt 4,109,986 Total stockholders ?equity

 

Long-Term Debt to-Equity Long-term debt

 

Total stockholders ?equity Times-Interest-Earned Ratio Profits before interest and taxes

 

Total interest charges 1,519,530 = 2.71 %

 

1,548,963

 

1,519,530 = 1.02 %

 

1,389,575

 

83,532 = 16.64 % Sales

 

7,421,768

 

Inventory of finished goods 801,036 = 9.27 % III. Activity Ratios

 

Inventory Turnover

 

Fixed Assets Turnover

 

?Tangible?

 

Total Assets Turnover Sales

 

Fixed assets

 

Sales

 

Total assets Accounts Receivable Turnover Annual credit sales 7,421,768

 

2,151,901 = 3.45 %

 

7,421,768

 

5,629,516 = 1.32 %

 

493,882 INDIVIDUAL CASE ANALYSIS 1 2

 

Accounts receivable 537,426 = 0.92 % III. Activity Ratios Cont.

 

Average Collection Period Accounts receivable

 

Total credit sales/365 days 628,240.50

 

20333.61 = 30.9 day IV. Profitability Ratios

 

Gross Profit Margin Sales minus cost of goods sold

 

Sales Operating Profit Margin Earnings before interest and taxes EBIT

 

Sales Net Profit Margin 7,421,768 = 0.45 % 1,389,575

 

7,421,768 = 0.19 % Net Income

 

846,912

 

Sales Return on Total Assets (ROA) 3,336,166 7,421,768 = 0.11 % Net Income

 

846,912

 

Total Assets

 

5,629,516 = 0.15 % ?Return on Stockholders?

 

Equity (ROE)? ?Earnings Per Share (EPS)? Net Income

 

846,912

 

Total Stockholder? equity Net income

 

846,912 1,519,530 = 0.56 % INDIVIDUAL CASE ANALYSIS 1 3 Number of shares of common stock outstanding ?Price-Earnings Ratio

 

Growth Ratios? 299,281,967 = $2.83 Market price per share

 

Earnings per share $ 113.04

 

$ 3.91 = 28.91% V. Growth Ratios

 

Sales- Annual percentage growth in sales = 0.039 %

 

(7421768-7146079)/7146079=

 

V. Growth Ratios Cont.

 

Net Income- Annual percentage growth in profits = 0.032 %

 

(846912-820470)/820470=

 

Earnings per share- Annual percentage growth in EPS = .04 % per share

 

(3.91-3.76)/3.76=

 

Dividends per share- Annual percentage growth in dividends per share = .13 %

 

(2.04-1.81)/1.81= References

 

David, F. R., & David, F. R. (2013). Strategic management concepts and cases: A competitive

 

advantage approach (16th ed.). Boston: Pearson. INDIVIDUAL CASE ANALYSIS 1 4 Finance, Y. (2016, November 11). HSY Income Statement | Balance Sheet | Cash Flow | The

 

Hershey Company Common Stock - Yahoo Finance. Retrieved November 13, 2016,

 

from https://finance.yahoo.com/quote/HSY/financials?p=HSY

 

(Finance, 2016) Company, H., 10k. (2003). Exact. Groningen: Wolters-Noordhoff. Permalink PDF Retrieved

 

from: https://www.thehersheycompany.com/content/dam/corporateus/documents/annual-reports/2015-annual-report.pdf

 

(Company, 2003) Individual Case Analysis 1

 

1. Complete Experiential Exercise 4C, Step 1, on textbook page 124. Once you have

 

found Table 4-4, complete the first 18 ratios and then 2 of your choice from the remaining

 

growth ratios (this will equal the 20 required in the Assurance of Learning Exercise). It is

 

required that you show your work. Use the financial documents on pages 29?31.

 

2.

 

Complete Case 10: Tiffany & Co., Inc. on text page 446 in the case section, by

 

answering the 3 questions on text page 454 (last page of the case, under the section

 

heading "The Future").

 

3.

 

Place the results of the experiential exercise and case in a single document and

 

submit it via the link provided. Include your name, class, section number, and the number of

 

the exercise(s) on the attachment (e.g.: 1B, Step 3). Be sure that the assignment is in a

 

business-professional format; include current APA citing and referencing. INDIVIDUAL CASE ANALYSIS 1 5

 


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