FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Refer to the information for Hershey above.

Compute the common size balance sheet for 20X3 and the rate of change balance sheet for 20X3. Which two asset accounts and which two liability and shareholders' equity accounts are the largest relative to total assets in 20X3?which two asset accounts and which two liability and shareholders' equity accounts grew at the fastest rates 20X3? ( Note: You may find it helpful to enter the data in to an Excel spreadsheet for these computations.)

Hershey: Consolidated Balance Sheets
Dollar Amounts in Millions
20X2
20X3
Assets
Current Assets
Cash and Equivalents
Receivables
$ 728.3
$ 1,118.5
461.4
477.9
Inventories
633.3
659.5
Deferred Income Taxes
Prepaid Expenses and Other Assets
Total Current Assets
Property, Plant and Equipment, Net
Goodwill
Other Intangible Assets, net
Other Assets
122.2
52.5
168.3
$ 2,113.5
1,674.1
178.9
$ 2,487.3
1,805.3
588.0
576.6
195.2
214.7
164.5
293.0
§ 4,754.8
$ 5,357.5
Total Assets
Liabilities and Shareholders' Equity
Current Liabilities
Accounts Payable
Accrued Liabilities
$ 442.0
$ 461.5
650.9
699.7
Accrued Income Taxes
Short-Term Debt
2.3
118.2
79.9
166.0
Current Portion of Long-Term Debt
Total Current Liabilities
Long-Term Debt
Other Long-Term Liabilities
Deferred Income Taxes
Total Liabilities
Shareholders' Equity
Common Stock
Additional Paid-In Capital
Retained Earnings
Treasury Stock (at cost)
Accumulated Other Comprehensive Loss
Noncontrolling interests
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity $ 4,754.8
257.7
0.9
5 1,471.1
1,531.0
$ 1,408.0
1,795.1
668.7
434.1
35.7
5 3,706.5
104.2
$ 3,741.4
359.9
359.9
593.0
664.9
5,027.6
(4,558.7)
(385.1)
11.6
5,454.3
(4,707.7)
(166.6)
11.2
$ 1,048.4
$ 1,616.1
$ 5,357.5
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Transcribed Image Text:Hershey: Consolidated Balance Sheets Dollar Amounts in Millions 20X2 20X3 Assets Current Assets Cash and Equivalents Receivables $ 728.3 $ 1,118.5 461.4 477.9 Inventories 633.3 659.5 Deferred Income Taxes Prepaid Expenses and Other Assets Total Current Assets Property, Plant and Equipment, Net Goodwill Other Intangible Assets, net Other Assets 122.2 52.5 168.3 $ 2,113.5 1,674.1 178.9 $ 2,487.3 1,805.3 588.0 576.6 195.2 214.7 164.5 293.0 § 4,754.8 $ 5,357.5 Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts Payable Accrued Liabilities $ 442.0 $ 461.5 650.9 699.7 Accrued Income Taxes Short-Term Debt 2.3 118.2 79.9 166.0 Current Portion of Long-Term Debt Total Current Liabilities Long-Term Debt Other Long-Term Liabilities Deferred Income Taxes Total Liabilities Shareholders' Equity Common Stock Additional Paid-In Capital Retained Earnings Treasury Stock (at cost) Accumulated Other Comprehensive Loss Noncontrolling interests Total Shareholders' Equity Total Liabilities and Shareholders' Equity $ 4,754.8 257.7 0.9 5 1,471.1 1,531.0 $ 1,408.0 1,795.1 668.7 434.1 35.7 5 3,706.5 104.2 $ 3,741.4 359.9 359.9 593.0 664.9 5,027.6 (4,558.7) (385.1) 11.6 5,454.3 (4,707.7) (166.6) 11.2 $ 1,048.4 $ 1,616.1 $ 5,357.5
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