Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Need to determine Operating Cycle for Hershey Company for 2011 CONSOLIDATED STATEMENT OF OPERATIONS For Years Ended December 31 December 31, 2011 2010 Net sales
Need to determine Operating Cycle for Hershey Company for 2011
CONSOLIDATED STATEMENT OF OPERATIONS For Years Ended December 31 December 31, 2011 2010 Net sales $6,080,788 $5,671,009 Costs and expenses: 3,548,896 3,255,801. Cost of sales Selling, marketing, and administrative 1,477,750 1,426,477 Business realignment and impairment charges, net 886 83,433 5.025.760 4.765.711 Total costs and expenses 1,055,028 Income before interest and income taxes 905,298 96.434 Interest expense, net 92.183 962,845 808.864 Income before income taxes 333,883 299,065 Provision for income taxes Net income 628,962 509,799 2.58 2.08 Common stock 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 2.21Step 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