The financial statements of Hershey Foods are presented in Appendix B, following the financial statements for Tootsie
Question:
The financial statements of Hershey Foods are presented in Appendix B, following the financial statements for Tootsie Roll Industries in Appendix A.
Instructions
(a) Based on the information in the financial statements, determine each of the following for each company:
(1) The percentage increase (i) in net sales and (ii) in net income from 2006 to 2007.
(2) The percentage increase (i) in total assets and (ii) in total stockholders’ equity from 2006 to 2007.
(3) The earnings per share for 2007.
(b) What conclusions concerning the two companies can be drawn from these data?
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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a Hershey Tootsie Roll 1 i Percentage increase decrease in net sales 00 07 ii Percentage incre...View the full answer
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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