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Tootsie Rolls financial statements are presented in Appendix A, and the financial statements of The Hershey Company are presented in Appendix B. Instructions (a) Based on the information in these financial statements, determine the following for each company. (1) Total

Tootsie Roll’s financial statements are presented in Appendix A, and the financial statements of The Hershey Company are presented in Appendix B.
Instructions
(a) Based on the information in these financial statements, determine the following for each company.
(1) Total assets at December 31, 2009.
(2) Net property, plant, and equipment at December 31, 2009.
(3) Total revenue for 2009.
(4) Net income for 2009.
(b) What conclusions concerning the two companies can you draw 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...

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Financial Accounting Tools for business decision making

Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Details
Chapter # 1- Introduction to Financial Statements
Section: Broadening Your Perspective
Problem: 2
Posted Date: September 22, 2011 09:03:55
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