The financial statements of The Hershey Company are presented in Appendix B, following the financial statements for

Question:

The financial statements of The Hershey Company 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 2008 to 2009.

(2) The percentage increase (i) in total assets and (ii) in total stockholders’ equity from 2008 to 2009.

(3) The earnings per share for 2009.

(b) What conclusions concerning the two companies can be drawn from these data?

Financial Statements
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...