The financial statements of Hershey Foods Corporation are shown in Exhibits 4 through 7 of this chapter.

Question:

The financial statements of Hershey Foods Corporation are shown in Exhibits 4 through 7 of this chapter. 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 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.

Financial Statements
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