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Return on assets The financial statements of The Hershey Company (HSY) are shown in Exhibits 6 through 9. Based upon these statements, answer the following questions. 1. What are Hershey's sales (in millions)?   2. What is Hershey's cost of sales (in millions)?   3. What is Hershey's net income (in millions)? 4. What is Hershey's percent of the cost of the sales to sales? Round to one decimal place.   5. The percent that a company adds to its cost of sales to determine the selling price is called a markup. What is Hershey's markup percent? Round to one decimal place.   6. What is the percentage of net income to sales for Hershey? Round to one decimal place.   7. Hershey had total assets of $5,554 (millions) at the beginning of the year. Compute the return on assets for Hershey for the year shown in Exhibits 6–9. Round to one decimal place.

Return on assets The financial statements of The Hershey Company (HSY) are shown in Exhibits 6 through 9. Based upon these statements, answer the following questions. 1. What are Hershey's sales (in millions)?   2. What is Hershey's cost of sales (in millions)?   3. What is Hershey's net income (in millions)? 4. What is Hershey's percent of the cost of the sales to sales? Round to one decimal place.   5. The percent that a company adds to its cost of sales to determine the selling price is called a markup. What is Hershey's markup percent? Round to one decimal place.   6. What is the percentage of net income to sales for Hershey? Round to one decimal place.   7. Hershey had total assets of $5,554 (millions) at the beginning of the year. Compute the return on assets for Hershey for the year shown in Exhibits 6–9. Round to one decimal place.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Return on assets

The financial statements of The Hershey Company (HSY) are shown in Exhibits 6 through 9. Based upon these statements, answer the following questions.

1. What are Hershey's sales (in millions)?

 

2. What is Hershey's cost of sales (in millions)?

 

3. What is Hershey's net income (in millions)?

4. What is Hershey's percent of the cost of the sales to sales? Round to one decimal place.

 

5. The percent that a company adds to its cost of sales to determine the selling price is called a markup. What is Hershey's markup percent? Round to one decimal place.

 

6. What is the percentage of net income to sales for Hershey? Round to one decimal place.

 

7. Hershey had total assets of $5,554 (millions) at the beginning of the year. Compute the return on assets for Hershey for the year shown in Exhibits 6–9. Round to one decimal place.

 

 
 
Revenues: Sales .... Expenses: Cost of sales... The Hershey Company Income Statement For the Year Ended December 31 (in millions) Net income Exhibit 6 Income Statement: The Hershey Company Selling and administrative expenses.. Interest expense Income taxes expense. Other expenses ... $4,216 1,875 139 239 144 $7,791 (6,613) $ 1,178
Transcribed Image Text:Revenues: Sales .... Expenses: Cost of sales... The Hershey Company Income Statement For the Year Ended December 31 (in millions) Net income Exhibit 6 Income Statement: The Hershey Company Selling and administrative expenses.. Interest expense Income taxes expense. Other expenses ... $4,216 1,875 139 239 144 $7,791 (6,613) $ 1,178
Exhibit 7 Statement of Stockholders' Equity Balances, January 1. Net income.. Dividends Other items... Balances, December 31 The Hershey Company Statement of Stockholders' Equity For the Year Ended December 31 (in millions) Common Stock $299 $299 Retained Earnings $6,371 1,178 (564) 47 $7,032 Other Items $(5,738) (186) $(5,924) Total $ 932 1,178 (564) (139) $1,407
Transcribed Image Text:Exhibit 7 Statement of Stockholders' Equity Balances, January 1. Net income.. Dividends Other items... Balances, December 31 The Hershey Company Statement of Stockholders' Equity For the Year Ended December 31 (in millions) Common Stock $299 $299 Retained Earnings $6,371 1,178 (564) 47 $7,032 Other Items $(5,738) (186) $(5,924) Total $ 932 1,178 (564) (139) $1,407
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