Answered step by step
Verified Expert Solution
Question
1 Approved Answer
LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 970,558 $ 692,338 Accrued liabilities 832,518 855,638 Accrued income taxes 6,710 3,070 Short-term debt 693,790 939,423
LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 970,558 $ 692,338 Accrued liabilities 832,518 855,638 Accrued income taxes 6,710 3,070 Short-term debt 693,790 939,423 Current portion of long-term debt 753,578 2,844 Total current liabilities 3,257,154 2,493,313 Long-term debt 3,343,977 4,086,627 Other long-term liabilities 719,742 787,058 Deferred income taxes 328,403 288,004 Total liabilities 7,649,276 7,655,002 Stockholders' equity: The Hershey Company stockholders' equity Preferred stock, shares issued: none in 2022 and 2021 Common stock, shares issued: 163,439,248 in 2022 and 160,939,248 in 2021 163,439 160,939 Class B common stock, shares issued: 58,113,777 in 2022 and 60,613,777 in 2021 58,114 60,614 Additional paid-in capital 1,296,572 1,260,331 Retained earnings 3,589,781 2,719,936 Treasurycommon stock shares, at cost: 16,588,308 in 2022 and 15,444,011 in 2021 (1,556,029) (1,195,376) Accumulated other comprehensive loss (252,333) (249,215) Total stockholders' equity 3,299,544 2,757,229 Total liabilities and stockholders' equity $ 10,948,820 $ 10,412,231. Using vertical analysis, what percentage of total liabilities and stockholders equity are comprised of current liabilities for 2022? Enter your answer in the form of a decimal (not a percentage). Round your answer to three decimal places
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