Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exhibit contains the income statements and balance sheets of The Hershey Company for the years ended December 31, 2011, and December 31, 2010. Hershey is
Exhibit contains the income statements and balance sheets of The Hershey Company for the years ended December 31, 2011, and December 31, 2010. Hershey is a manufacturer of chocolate and sugar confectionery products. The company's principal product groups include chocolate and confectionery products; food and beverage enhancers, such as baking ingredients, toppings, and beverages, and gum and mint refreshment products EXHIBIT The Hershey Company Years Ended December 31 2011, and December 31, 2010 (S in thousands, except CONSOLIDATED BALANCE SHEETS 2011 2010 Current assets: Cash and cash equlvalents Accounts receivable -trade Inventories Deferred income taxes Prepaid expenses and other 693,686884,642 per share data) 390,061 533,622 55.760 167.559 141132 2.005,217 1.437.702 24,134 123,080 21.387 138722161.-212 4.412.199 $4.272.732 399.499 648,953 136.861 Total current assets Property, plant, and equipment, net Goodwill Other intangibles Deferred income taxes Other assets 2.046.558 1,559,717 516.745 111.913 38,544 Total assets Liabilitios and Stockholders Equity Current liabilities: Accounts payable Accrued liabilities Accrued income taxes Short-term debt Current portion of longterm debt 420.017 12.186 1899 42.080 97.593 410,655 593.308 9.402 24.088 Total current liabilities 1.298,845 ,541,825 617.276 494 461 1 3335,131 1,173,77 Long-term debt Other long-term liabilities 1.748,500 Total liabilites 3,539.55 Stockholders' equity: Common stock, shares issued: 299.269.702 in 2011 299.269 and 299.195,325 in 2010 Class B Common stock, shares issued: 60,632,042 in 299.195 2011 and 60,706,419 in 2010 Additional paidin-capital Retained earnings Treasury Common stock shares, at cost: 60,632 490.817 ,699,597 60.706 434,865 4,374,718 134.695,826 in 2011 and 132,871.512 in 2010 The Hershey Company stockholders' equity Total stockholders' equity (4,258,962) (4,052,101) Accumulated other comprehensive loss Noncontrolling interests in subsidiaies Total liabilities and stockholders' equity (442 331) 215,067 902,316 849,022 872.648 937601 14412 199 $4.272.732 1. Prepare common-size statements for Hershey for 2011 and 2010 2. Comment on the changes in component percentages from 2011 to 2010
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started