The financial statements of Hershey Foods are presented in Appendix B, fol- lowing the financial statements for Tootsie Roll Industries in Appendix A. Instructions

(a) Based on the information in the financial statements, determine each of the follow- ing for each company: (1) The percentage increase in net sales and in net income from 2000 to 2001. (2) The percentage increase in total assets and in total stockholders' equity from 2000 to 2001. (3) The earnings per share for 2001.

(b) What conclusions concerning the two companies can be drawn from these data?

AppendixLO1