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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 1
Krispy Kreme and Dunkin': Days' cash on hand
Krispy Kreme Doughnuts, Inc. is a leading retailer and wholesaler of doughnuts. Krispy Kreme owns or franchises 1,000 stores where the "hot" light tells you if doughnuts are cooking. Dunkin' Brands Group, Inc. is a leading franchisor of doughnut (Dunkin' Donuts) and ice cream (Baskin-Robbins) shops with more than 19,000 stores worldwide. Selected financial statement information for a recent year for both companies follows (in thousands):
A. Determine the days' cash on hand for each company. (Round all calculations to one decimal place.)
B. Which company appears to have the stronger cash liquidity position?
Krispy Kreme Doughnuts, Inc. is a leading retailer and wholesaler of doughnuts. Krispy Kreme owns or franchises 1,000 stores where the "hot" light tells you if doughnuts are cooking. Dunkin' Brands Group, Inc. is a leading franchisor of doughnut (Dunkin' Donuts) and ice cream (Baskin-Robbins) shops with more than 19,000 stores worldwide. Selected financial statement information for a recent year for both companies follows (in thousands):
A. Determine the days' cash on hand for each company. (Round all calculations to one decimal place.)
B. Which company appears to have the stronger cash liquidity position?
Explanation
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Day's cash on hand is a tool to analyze ...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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