The financial statements of The Hershey Company are presented in Appendix B, following the financial statements for Tootsie Roll Industries in Appendix A.

Instructions

(a) Based on the information in these financial statements, compute these 2009 ratios for each company:

(1) Current cash debt coverage.

(2) Cash debt coverage.

(b) What conclusions about the management of cash can you draw from these data?

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