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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 30 Jan 2018 My Price 8.00

Heinz Company

H.J.  Heinz Company was founded in 1869 at Sharpsburg, Pennsylvania, by Henry J. Heinz. The

 

                                                     company manufactures and markets food products throughout the world, including ketchup,

 

condiments and sauces, frozen food, pet food, soups, and tuna. For the fiscal years 2004 and


2003, H.J. Heinz reported the following (in  thousands):

 

 

 

               Year Ending             

 

                                           April 28, 2004           April 30, 2003

 

 

 

Net sales

$8,414,538

$8,236,836

Account receivable

1,093,155

1,165,460

 

Assume that the accounts receivable (in thousands) were $1,125,200 at the beginning of the 2003 fiscal year.

 

a.        Compute the accounts receivable turnover for 2004 and 2003. Round to one decimal place.

 

b.       Compute the days’ sales in receivables at the end of 2004 and 2003. Round to one decimal place.

 

c.        What conclusions can be drawn from these analyses regarding Heinz’s efficiency in col- lecting receivables?

 

 

 

 

 


Answers

Maurice Tutor
(5)
Status NEW Posted 30 Jan 2018 12:01 AM My Price 8.00

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