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18. (2 points) As of Dec 31, 2019, Hershey's defined benefit pension plan is: (Highlight OVERFUNDED UNDERFUNDE one) or D by (fill in the blank)

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18. (2 points) As of Dec 31, 2019, Hershey's defined benefit pension plan is: (Highlight OVERFUNDED UNDERFUNDE one) or D by (fill in the blank) 19. Recreate the journal entry (accounts and amounts) that Hershey made to record its matching contributions for its defined contribution retirement plan in the most recent fiscal year. (2 points) 20.Use Hershey's financial statements to calculate the following cash paid amounts during the most recent fiscal year. (6 points) a) How much cash did Hershey pay for inventory in the most recent year? b) How much cash did Hershey pay for advertising in the most recent year? 21. Calculate the following ratios for Hershey. Round your answers to the nearest hundredth. Hershey's stock price was $147 at December 31, 2019 and $106 at December 31, 2018. (3 points) Fiscal 2019 Fiscal 2018 PE RATIO GROSS MARGIN % DAYS INVENTORY Use Hershey's ratios to answer the following three questions. (3 points) a) Did Hershey manage inventory better in 2019 or 2018? b) Was Hershey able to mark its product up more in 2019 or 2018? c) Did Investors expect higher growth for Hershey at the end Final Exam Inference Problem - Page 6 of 4

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