Question
Use the except from Hersheys financial statements and answer the following: Compute the total amount of cash Hershey returned to shareholders (in thousands). Do not
Use the except from Hersheys financial statements and answer the following: Compute the total amount of cash Hershey returned to shareholders (in thousands). Do not input a dollar symbol. (Be sure to use information in the excerpt appearing below the financial statement.)
From Hersheys Annual Report
Item 6. SELECTED FINANCIAL DATA
Net Income ($ thousands) | 1,177,562 |
Common Shares Outstanding (thousands) | 149,379 |
Total Dividends Paid ($ thousands) | 412,491 |
Market Price of Common Stock at year end ($) | 107.18 |
Share repurchases. We periodically repurchase shares of Common Stock pursuant to Board-authorized programs intended to drive additional stockholder value. We used cash for total share repurchases of $247,500 during the year (in thousands).
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