Show me the numbers, the work on how ” Hershey Company” was


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Show me the numbers, the work on how “Hershey Company” was calculated to get Accounts receivable turnover and Average collection period. Please provide excel sheet with description in words and numbers. Step by step. This is for class Acc/290. This document is uploaded in Course Hero but no work was shown. I also attached document as well. Hershey.docx Broadening Your Perspective 8-2 Your answer is correct. The financial statements of The Hershey Company and Tootsie Roll are presented below. THE HERSHEY COMPANY CONSOLIDATED STATEMENTS OF INCOME For the years ended December 31, 2011 In thousands of dollars except per share amounts Net Sales $6,080,788 Costs and Expenses: Cost of sales 3,548,896 Selling, marketing and administrative 1,477,750 Business realignment and impairment (credits) charges, (886) net Total costs and expenses 5,025,760 Income before Interest and Income Taxes 1,055,028 Interest expense, net 92,183 Income before Income Taxes 962,845 Provision for income taxes 333,883 Net Income $628,962 Net Income Per Share—Basic—Class B Common $2.58 Stock Net Income Per Share—Diluted—Class B Common $2.56 Stock Net Income Per Share—Basic—Common Stock $2.85 Net Income Per Share—Diluted—Common Stock $2.74 2010 2009 $5,671,009 $5,298,668 3,255,801 1,426,477 3,245,531 1,208,672 83,433 82,875 4,765,711 905,298 96,434 808,864 299,065 $509,799 4,537,078 761,590 90,459 671,131 235,137 $435,994 $2.08 $1.77 $2.07 $1.77 $2.29 $1.97 $2.21 $1.90 Cash Dividends Paid Per Share: Common Stock $1.3800 $1.2800 $1.1900 Class B Common Stock 1.2500 1.1600 1.0712 The notes to consolidated financial statements are an integral part of these statements and are included in the Hershey’s 2011 Annual Report, available at www.thehersheycompany.com. THE HERSHEY COMPANY CONSOLIDATED BALANCE SHEETS December 31, In thousands of dollars ASSETS Current Assets: Cash and cash equivalents Accounts receivable—trade Inventories Deferred income taxes Prepaid expenses and other Total current assets Property, Plant and Equipment, Net Goodwill Other Intangibles Deferred Income Taxes Other Assets Total assets LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: 2011 2010 $693,686 399,499 648,953 136,861 167,559 2,046,558 1,559,717 516,745 111,913 38,544 138,722 $4,412,199 $884,642 390,061 533,622 55,760 141,132 2,005,217 1,437,702 524,134 123,080 21,387 161,212 $4,272,732 Accounts payable Accrued liabilities Accrued income taxes Short-term debt Current portion of long-term debt Total current liabilities Long-term Debt Other Long-term Liabilities Total liabilities Commitments and Contingencies Stockholders’ Equity: The Hershey Company Stockholders’ Equity Preferred Stock, shares issued: none in 2011 and 2010 Common Stock, shares issued: 299,269,702 in 2011 and 299,195,325 in 2010 Class B Common Stock, shares issued: 60,632,042 in 2011 and 60,706,419 in 2010 Additional paid-in capital Retained earnings Treasury—Common Stock shares, at cost: 134,695,826 in 2011 and 132,871,512 in 2010 Accumulated other comprehensive loss The Hershey Company stockholders’ equity Noncontrolling interests in subsidiaries Total stockholders’ equity Total liabilities and stockholders’equity $420,017 612,186 1,899 42,080 97,593 1,173,775 1,748,500 617,276 3,539,551 — $410,655 593,308 9,402 24,088 261,392 1,298,845 1,541,825 494,461 3,335,131 — — — 299,269 299,195 60,632 60,706 490,817 4,699,597 434,865 4,374,718 (4,258,962) (4,052,101) (442,331) 849,022 23,626 872,648 $4,412,199 (215,067) 902,316 35,285 937,601 $4,272,732 THE HERSHEY COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS For the years ended December 31, 2011 2010 In thousands of dollars Cash Flows Provided from (Used by) Operating Activities Net income $628,962 $509,799 Adjustments to reconcile net income to net cash provided from operations: Depreciation and amortization 215,763 197,116 Stock-based compensation expense, net of tax of $15,127, 28,341 32,055 $17,413 and $19,223, respectively Exce

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