help please
1. What is the value of Accounts Receivables at the end of the most current fiscal year? (2 points) 2. What is the value of Accounts Receivables at the end of the next to most current fiscal year? (2 points) 3. What is the value of Sales at the end of te most current fiscal year? (2 points) 4. What is the value of Sales at the end of the next to most current fiscal year? (2 points) 5. What is the Receivables Turnover Ratio at the end of the most current fiscal year? (3 points) 6. What is the Average Collection Period at the end of the most current fiscal year? (2 points) 7. If Hershey would have tightened their credit policy, Allowance for Doubtful Accounts for the current year would have been $32,743. What would have been their Average Collection Period? (7 points) 8 What is the Receivables Turnover Ratio at the end of the next to most current fiscal year? (3 points extra credit) PHNO Recon THE HERSHEY COMPANY CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share amounts) For the years ended December 31; Net sales Cost of sales Gross profit Selling, marketing and administrative expense Long-lived and intangible asset impairment charges Business realignment costs Operating profit Interest expense, net Other (income) expense, net Income before income taxes Provision for income taxes Net income including noncontrolling interest Less: Net loss attributable to noncontrolling interest Net income attributable to The Hershey Company 2019 7,986,252 $ 4,363,774 3,622,478 1,905,929 112,485 8,112 1,595,952 144,125 71,043 1,380,784 234,032 1,146,752 (2,940) 1,149,692 $ 2018 7,791,069 $ 4,215,744 3,575,325 1,874,829 57,729 19,103 1,623,664 138,837 74,766 1,410,061 239,010 1,171,051 (6,511) 1,177,562 S 2017 7,515,426 4,060,050 3,455,376 1,885,492 208,712 47,763 1,313,409 98,282 104,459 1.110,668 354,131 756,537 (26,444) 782,981 $ Net income per share-basic: Common stock Class B common stock $ S $ 5.64 5.12 $ 5.76 $ 5.24 $ 3.79 3.44 Operating profit Interest expense, net Other (income) expense, net Income before income taxes Provision for income taxes Net income including noncontrolling interest Less: Net loss attributable to noncontrolling interest Net income attributable to The Hershey Company 1,595,952 144,125 71,043 1,380,784 234,032 1,146,752 (2,940) 1,149,692 $ 1,623,664 138,837 74,766 1,410,061 239,010 1,171,051 (6,511) 1,177,562 S 1,313,409 98,282 104,459 1,110,668 354,131 756,537 (26,444) 782,981 s Net income per share-basic: Common stock Class B common stock 3.79 5.64 $ 5.12 $ 5.76 $ 5.24 S s 3.44 Net income per share diluted: Common stock Class B common stock S 3.66 $ 5.46 $ 5.10 $ 5.58 $ 5.22 $ 3.44 Dividends paid per share: Common stock Class B common stock S $ 2.990 $ 2.716 S 2.756 S 2.504 S 2.548 2.316 See Notes to Consolidated Financial Statements. 2018 THE HERSHEY COMPANY CONSOLIDATED BALANCE SHEETS (in thousands, except share data) December 31, 2019 ASSETS Current assets: Cash and cash equivalents S 493,262 $ Accounts receivable-trade, het 568,509 Inventories 815,251 Prepaid expenses and other 240,080 Total current assets 2,117,102 Property, plant and equipment, net 2,153,139 Goodwill 1,985,955 Other intangibles 1,341,166 Other assets 512,000 Deferred income taxes 31,033 Total assets $ 8,140,395 $ LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable S 550,828 $ Accrued liabilities 702,372 Accrued income taxes 19,921 Short-term debt 32,282 Current portion of long-term debt 703.390 587,998 594,145 784,879 272,159 2,239,181 2,130,294 1,801,103 1,278,292 252,984 1,166 7,703,020 502,314 679,163 33,773 1,197,929 2017 $ 8,140,395 $ 7,703,020 Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued liabilities Accrued income taxes Short-term debt Current portion of long-term debt Total current liabilities Long-term debt Other long-term liabilities Deferred income taxes Total liabilities 550,828 $ 702,372 19,921 32,282 703,390 2,008,793 3,530,813 655,777 200,018 6,395,401 502,314 679,163 33,773 1,197,929 5,387 2,418,566 3,254,280 446,048 176,860 6,295,754 Stockholders' equity: The Hershey Company stockholders' equity Preferred stock, shares issued: none in 2019 and 2018 Common stock, shares issued: 160,939,248 in 2019 and 299,287,967 in 2018 Class B common stock, shares issued: 60,613,777 in 2019 and 2018 Additional paid-in capital Retained earnings Treasury common stock shares, at cost: 12,723,592 in 2019 and 150,172,840 in 2018 Accumulated other comprehensive loss 160,939 60,614 1,142,210 1,290,461 299,287 60,614 982,205 7,032,020 (591,036) (323,966) (6,618,625) (356.7803 Deferred income taxes Total liabilities 200,018 6,395,401 176,860 6,295,754 Stockholders' equity: The Hershey Company stockholders' equity Preferred stock, shares issued: none in 2019 and 2018 Common stock, shares issued: 160,939,248 in 2019 and 299,287,967 in 2018 Class B common stock, shares issued: 60,613,777 in 2019 and 2018 Additional paid-in capital Retained earnings Treasury common stock shares, at cost: 12,723,592 in 2019 and 150,172,840 in 2018 Accumulated other comprehensive loss Total - The Hershey Company stockholders' equity Noncontrolling interest in subsidiary Total stockholders' equity Total liabilities and stockholders' equity 160,939 60,614 1,142,210 1,290,461 299,287 60,614 982,205 7,032,020 (591,036) (323,966) 1,739,222 5,772 1,744,994 8,140,395 $ (6,618,625) (356,780) 1,398,721 8,545 1,407,266 7,703,020 $ See Notes to Consolidated Financial Statements. 1 The Hershey Company | 2019 Form 10-K | Page 50 THE HERSHEY COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) 2019 2018 2017 S 1,146,752 $ 1,171,051 $ 756,537 291,544 51,899 (15,072) 112,485 50,457 57,426 295,144 49,286 36,255 57,729 50,329 37,278 261,853 51,061 18,582 208,712 66,209 77,291 For the years ended December 31, Operating Activities Net income including noncontrolling interest Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization Stock-based compensation expense Deferred income taxes Impairment of long-lived and intangible assets (see Note 6) Write-down of equity investments Other Changes in assets and liabilities, net of business acquisitions and divestitures: Accounts receivable-trade, net Inventories Prepaid expenses and other current assets Accounts payable and accrued liabilities Accrued income taxes Contributions to pension and other benefit plans Other assets and liabilities Net cash provided by operating activities Investing Activities Capital additions (including software) Proceeds from sales of property, plant and equipment and other long-lived assets Proceeds from sales of businesses, net of cash and cash equivalents divested Equity investments in tax credit qualifying partnerships Business acquisitions, net of cash and cash equivalents acquired Gaming 40,252 (21,194) 13,593 41,101 (9,544) (20,134) 24,308 1,763,873 8,585 (12,746) (39,899) (100,252) 75,568 (25,864) (2.471) 1.599,993 (6,881) (71,404) 18,214 (52,960) (71,027) (56,433) 49,761 1.249,515 (318,192) 28.131 (257,675) 7,609 (328,601) 49,759 167,048 (52,641) (1,338,459) (78,598) (80.230) (402,160) 12.029 1,763,873 1,599,993 1.249,515 (318,192) 28,131 (257,675) 7,609 (328,601) 49,759 167,048 (52,641) (1,338,459) (78,598) (80,230) (402,160) (8,029) (780,480) (1,502,894) (328,664) Net cash provided by operating activities Investing Activities Capital additions (including software) Proceeds from sales of property, plant and equipment and other long-lived assets Proceeds from sales of businesses, net of cash and cash equivalents divested Equity investments in tax credit qualifying partnerships Business acquisitions, net of cash and cash equivalents acquired Other investing activities Net cash used in investing activities Financing Activities Net (decrease) increase in short-term debt Long-term borrowings Repayment of long-term debt and finance leases Repayment of tax receivable obligation Cash dividends paid Repurchase of common stock Exercise of stock options Net cash (use) in) provided by financing activities Effect of exchange rate changes on cash and cash equivalents (Decrease) increase in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period Supplemental Disclosure Interest paid Income taxes paid (1,168,205) 989,618 (6,151) (81,426) 954 (610,312) (527,211) 240.806 (1,081,455) 3,326 (94,736) 587,998 493,262 645,805 1,199,845 (910,844) (72,000) (562,521) (247,500) 63,323 116,108 (5,388) 207,819 380,179 587,998 5 (526,272) (300,312) 63,288 (843,768) 6,129 83,212 296,967 380,179 S S s 139,504 238,067 132,486 118,842 101,874 351,832 See Notes to Consolidated Financial Statements
