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Question 6 The financial statements of The Hershey Company and Tootsie Roll are presented below. THE HERSHEY COMPANY CONSOLIDATED STATEMENTS OF INCOME For the years
Question 6
The financial statements of The Hershey Company and Tootsie Roll are presented below.
| THE HERSHEY COMPANY CONSOLIDATED STATEMENTS OF INCOME | |||||||||
| For the years ended December 31, | 2011 | 2010 | 2009 | ||||||
| In thousands of dollars except per share amounts | |||||||||
| Net Sales | $6,080,788 |
| $5,671,009 | $5,298,668 | |||||
| Costs and Expenses: | |||||||||
| Cost of sales | 3,548,896 | 3,255,801 | 3,245,531 | ||||||
| Selling, marketing and administrative | 1,477,750 | 1,426,477 | 1,208,672 | ||||||
| Business realignment and impairment (credits) charges, net | (886 | ) | 83,433 | 82,875 | |||||
| Total costs and expenses | 5,025,760 |
| 4,765,711 | 4,537,078 | |||||
| Income before Interest and Income Taxes | 1,055,028 |
| 905,298 | 761,590 | |||||
| Interest expense, net | 92,183 |
| 96,434 | 90,459 | |||||
| Income before Income Taxes | 962,845 |
| 808,864 | 671,131 | |||||
| Provision for income taxes | 333,883 |
| 299,065 | 235,137 | |||||
| Net Income | $628,962 |
| $509,799 | $435,994 | |||||
| Net Income Per Share | |||||||||
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Social Responsibility Audit A Management Tool For Survival
Authors: John W Humble
1st Edition
0900853522, 978-0900853524
