Reference no: EM131784692
Question - Recent balance sheet information for two companies in the food industry, H.J. Heinz Company and The Hershey Company, are as follows (in thousands of dollars):
H.J. Heinz Hershey
Net property, plant, and equipment $1,998,153 $1,651,300
Current liabilities $2,505,106 $1,453,538
Long-term debt $4,413,641 $1,248,128
Other long-term liabilities $1,272,596 $486,473
Stockholders' equity $1,841,683 $683,423
a. Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place.
b. Determine the ratio of fixed assets to long-term liabilities for both companies. Round to two decimal places.