The financial statements of The Hershey Company are presented in Appendix B, following the financial statements for Tootsie Roll Industries in Appendix A.

Instructions

(a) Based on the information in the financial statements, determine each of the following for each company:
(1) The percentage increase (i) in net sales and (ii) in net income from 2008 to 2009.
(2) The percentage increase (i) in total assets and (ii) in total stockholders’ equity from 2008 to 2009.
(3) The earnings per share for 2009.

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