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Hersheys is a familiar name in snacks. Theres a good chance you have recently enjoyed one of its products. The company manufactures confectionery products in

Hersheys is a familiar name in snacks. Theres a good chance you have recently enjoyed one of its products. The company manufactures confectionery products in a variety of packaged forms and markets them under more than 50 brands. Among the principal confectionery products in the United States are: Hersheys chocolates, Hersheys Kisses chocolates, Kit Kat, Mr. Goodbar chocolate bars, Reeses peanut butter cups, Almond Joy candy bars, Good & Plenty candy, Mounds candy bars, Payday candy bars, and 5 th Avenue candy bars.

THE HERSHEY COMPANY Consolidated Statements of Income (in thousands of dollars except per share amounts)
For the Years Ended December 31,
2008 2007 2006
Net Sales $ 5,132,768 $ 4,946,716 $ 4,944,230
Costs and Expenses:
Cost of sales 3,375,050 3,315,147 3,076,718
Selling, marketing, and administrative 1,073,019 895,874 860,378
Business realignment and impairment charges, net 94,801 276,868 14,576
Total costs and expenses 4,542,870 4,487,889 3,951,672
Income before Interest and Income Taxes 589,898 458,827 992,558
Interest expense, net 97,876 118,585 116,056
Income before Income Taxes 492,022 340,242 876,502
Provision for income taxes 180,617 126,088 317,441
Net Income $ 311,405 $ 214,154 $ 559,061
Net Income Per ShareBasicClass B CommonStock $ 1.27 $ .87 $ 2.19
Net Income Per Share-DilutedClass B CommonStock $ 1.27 $ .87 $ 2.17
Net Income Per Share-BasicCommon Stock $ 1.41 $ .96 $ 2.44
Net Income Per Share-DilutedCommon Stock $ 1.36 $ .93 $ 2.34
Cash Dividends Paid per Share:
Common Stock $ 1.1900 $ 1.1350 $ 1.030
Class B Common Stock 1.0712 1.0206 .925
THE HERSHEY COMPANY Consolidated Balance Sheets (in thousands of dollars)
December 31,
2008 2007
ASSETS
Current Assets:
Cash and cash equivalents $ 37,103 $ 129,198
Accounts receivabletrade 455,153 487,285
Inventories 592,530 600,185
Deferred income taxes 70,903 83,668
Prepaid expenses and other 189,256 126,238
Total current assets 1,344,945 1,426,574
Property, Plant, and Equipment, Net 1,458,949 1,539,715
Goodwill 554,677 584,713
Other Intangibles 110,772 155,862
Deferred Income Taxes 13,815 -
Other Assets 151,561 540,249
Total assets $ 3,634,719 $ 4,247,113
LIABILITIES, MINORITY INTEREST, AND STOCKHOLDERS EQUITY
Current Liabilities:
Accounts payable $ 249,454 $ 223,019
Accrued liabilities 504,065 538,986
Accrued income taxes 15,189 373
Short-term debt 483,120 850,288
Current portion of long-term debt 18,384 6,104
Total current liabilities 1,270,212 1,618,770
Long-Term Debt 1,505,954 1,279,965
Other Long-Term Liabilities 504,963 544,016
Deferred Income Taxes 3,646 180,842
Total liabilities 3,284,775 3,623,593
Commitments and Contingencies - -
Minority Interest 31,745 30,598
Stockholders Equity:
Preferred Stock, shares issued: none in 2008 and 2007 - -
Common Stock, shares issued: 299,190,836 in 2008 and 299,095,417 in 2007 299,190 299,095
Class B Common Stock, shares issued: 60,710,908 in 2008 and 60,806,327 in 2007 60,711 60,806
Additional paid-in capital 352,375 335,256
Retained earnings 3,975,762 3,927,306
TreasuryCommon Stock shares, at cost: 132,866,673 in 2008 and 132,851,893 in 2007 (4,009,931 ) (4,001,562 )
Accumulated other comprehensive loss (359,908 ) (27,979 )
Total stockholders equity 318,199 592,922
Total liabilities, minority interest, and stockholders equity $ 3,634,719 $ 4,247,113

The above information was reported in a recent annual statement. For the year 2008, compute the following ratios. Assume an income tax rate of 34%.(Round your answers to 2 decimal places. Omit the "%" sign in your response.)

Return on equity %
Return on assets %
Financial leverage percentage %
Profit margin %
Fixed asset turnover
Cash ratio
Current ratio
Quick ratio
Receivable turnover
Inventory turnover
Times interest earned
Debt/Equity

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