| Investing Lesson 3 |
| Quiz: How to Analyze a Balance Sheet |
For $2,000...
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Hershey Foods |
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| Assets | ||
| Current Assets |
Dec. 31, 2000 |
Dec. 31, 1999 |
| Cash and Cash Equivalents | $31,969,000 | $118,078,000 |
| Short Term Investments | N/A | N/A |
| Receivables | $455,816,000 | $433,053,000 |
| Inventories | $605,173,000 | $602,202,000 |
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Income Statement (Excerpt) - December 31, 2000 |
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| Total Revenue | $4,220,976,000 | $3,970,924,000 |
| Cost of Revenue | $2,471,151,000 | $2,354,724,000 |
| Gross Profit | $1,749,825,000 | $1,616,200,000 |
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Using the information from the two financial statements above, calculate Hershey's Inventory Turn |
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| a) 3.79 | b) 4.09 |
| c) 5.32 | d) 6.51 |
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