Recent balance sheet information for two companies in the food industry, Mondelez International, Inc. and The Hershey Company, is as follows (in thousands): Mondelez HersheyNet property, plant, and equipment $10,010,000 $1,674,071Current liabilities 14,873,000 1,471,110Long-term debt 15,574,000 1,530,967Other long-term liabilities 12,816,000 716,013Stockholders’ equity 32,215,000 1,036,749a. 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 one decimal place.c. Interpret the ratio differences between the two companies.
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Mondelez Hershey
Net property, plant, and equipment $10,010,000 $1,674,071
Current liabilities 14,873,000 1,471,110
Long-term debt 15,574,000 1,530,967
Other long-term liabilities 12,816,000 716,013
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 one decimal place.
c. Interpret the ratio differences between the two companies.
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