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Could I please get some help with this question? Thank you in advance. Chapte Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter
Could I please get some help with this question? Thank you in advance.
Chapte Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapte Chapter 12 Reuters Averages Tootsie Roll as of August 31, 2012 year ended December 31, 2011 Current ratio 1.38 times 3.64 times Show all steps Bookmark Problem 52P Reuters reports Receivable Turnover as 19.15 times per year. (365 19.15) 9.1 days CONSOLIDATED BALANCE SHEETS 2011 2010 Current assets: Cash and cash equivalents 693,686 884,642 Accounts receivable-trade 399,499 390,061 533,622 648,953 Deferred income taxes Prepaid expenses and other 167,559 141,132 Total current assets 2,046,558 2,005,217 Property, plant, and equipment, net 1.559,717 1,437,702 516,745 524,134 Othe 111,913 123,080 Deferred income taxes 38,544 21,387 Other assets 138,722 161.212 Total assets 4,412,199 272,732 Liabilities and Stockholders' Equity Current liabilities: 410,655 420,017 Accrued liabilities 612,186 593,308 Accrued income taxes 1,899 9,402 Short-term debt 42,080 24,088 7,5 Current portion of longterm debt Total current liabilities 1,173,775 1,298,845 Long-term debt 1,748,500 1,541,825 Other longterm liabilities 617.276 494,461 Total liabilities 3,539,551 3.335,131 Stockholders' equity: Common stock shares issued 299,269,702 in 2011 and 299,195,325 in 2010 299,269 299,195 Class B Common stock, shares issued: 60,632,042 in 60,632 2011 and 60,706,419 in 2010 490,817 Additional paidin-capital 434,865 Retained earnings 4,699,597 4,374,718 Treasury Common stock shares, at cost: 134,695,826 in 2011 and 132,871,512 in 2010 4.258.962) (4.052.101) Accumulated other comprehensive loss 442.331 215.06 The Hershey Company stockholders' equity 849,022 902,316 Noncontrolling interests in subsidiaries Total stockholders' equity 872,648 937,60 Total liabilities and stockholders' equity $4,412.199 $4.272,732 CONSOLIDATED STATEMENT OF OPERATIONS For Years Ended December 31, December 31, 2011 2010 Net sales $6,080,788 $5,671,009 Costs and expenses: Cost of sales 3,548,896 3,255,801 Selling, marketing, and administrative 1,477,750 1.426,477 Business realignment and impairment charges, net 83,43 Total costs and expenses 025,760 4 765,71 Income before interest and income taxes 1,055,028 Interest expense, net 92,183 96,434 962,845 Income before income taxes 808.864 Provision for income taxes 333,883 9,065 Net income 628,962 509,799 Net income per common share-Basic- Class B Common stock 2.58 2.08 Net income per common share-Diluted Class B Common stock 2.56 2.07 Net income per common share Basic Common stock 2.85 2.29 Net income per common share Diluted Common stock 2.74 2.21 Sten-by sten solutionStep by Step Solution
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