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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

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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 2.21

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