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Activity 1-6 The financial statements of The Hershey Company are shown in Exhibits 4 through 7 of this chapter. Based upon these statements, answer the

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Activity 1-6 The financial statements of The Hershey Company are shown in Exhibits 4 through 7 of this chapter. Based upon these statements, answer the following questions. . What are Hershey's sales (in millions)? . What is Hershey's cost of sales (in millions)? . What is Hershey's net income (in millions)? . What is Hershey's percent of the cost of sales to sales? Round to one decimal place. The percent that a company adds to its cost of sales to determine the selling price is called a markup. Wlat is Hershey's markup percent? Round to one decimal place. 6. What is the percentage of net income to sales for Hershey? Round to one decimal place. EJ'l-h-LQMH Exhibit 4: THE HERSHEY COMPANY Income Statement For the Year Ended December 31, 2006 (in millions) Revenues: Sales $4,944 Expenses: Cost of sales $3,077 Selling and administrative 860 Interest 116 Income taxes 317 Business realigmnent and asset impairment expenses 15 4,385 Net income $ 559

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