Accounting 291 Week 4 Assignment

Unformatted text preview: 150,000 shares issued and 142,000 outstanding 1,500,000 Total capital stock 1,900,000 Additional paid-in capital In excess of par value-preferred stock $ 288,400 In excess of stated value-common stock 690,000 From treasury stock 6,000 Total additional paid-in capital 984,400 Total paid-in capital 2,884,400 Retained earnings 776,000 Total paid-in capital and retained earnings 3,660,400 Less: Treasury stock 88,000 Total stockholders' equity $ 3,572,400 Compute the book value per share of the common stock, assuming the preferred stock has a call price of $110 per share. (Round answer to 2 decimal places, e.g. 10.50.) $ 22.06 Total stockholders' equity $3,572,400 Less: Preferred stock equity Call prince ($110 × 4,000) 440,000 Common stock equity $3,132,400 Common shares outstanding 142,000 Book value per share ($3,132,400 ÷ 142,000) $22.06...
View Full Document

The fnancial 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 2010 2009 In thousands of dollars except per share amounts Net Sales $6,080,788 $5,671,009 $5,298,668 Costs and Expenses: Cost oF sales 3,548,896 3,255,801 3,245,531 Selling, marketing and administrative 1,477,750 1,426,477 1,208,672 Business realignment and impairment (credits) charges, net (886) 83,433 82,875 Total costs and expenses 5,025,760 4,765,711 4,537,078 Income before Interest and Income Taxes 1,055,028 905,298 761,590 Interest expense, net 92,183 96,434 90,459 Income before Income Taxes 962,845 808,864 671,131 Provision For income taxes 333,883 299,065 235,137 Net Income $628,962 $509,799 $435,994 Net Income Per Share—Basic—Class B Common Stock $2.58 $2.08 $1.77 Net Income Per Share—Diluted—Class B Common Stock $2.56 $2.07 $1.77 Net Income Per Share—Basic—Common Stock $2.85 $2.29 $1.97 Net Income Per Share—Diluted—Common Stock $2.74 $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 fnancial 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, 2011 2010 In thousands of dollars ASSETS Current Assets: Cash and cash equivalents $693,686 $884,642 Accounts receivable—trade 399,499 390,061 Inventories 648,953 533,622 DeFerred income taxes 136,861 55,760 Prepaid expenses and other 167,559 141,132 Total current assets 2,046,558 2,005,217 Property, Plant and Equipment, Net 1,559,717 1,437,702 Goodwill 516,745 524,134 Other Intangibles 111,913 123,080 Deferred Income Taxes 38,544 21,387 Other Assets 138,722 161,212 Total assets $4,412,199 $4,272,732 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Accounts payable $420,017 $410,655 Accrued liabilities 612,186 593,308 Accrued income taxes 1,899 9,402 Short-term debt 42,080 24,088 Current portion oF long-term debt 97,593 261,392 Total current liabilities 1,173,775 1,298,845

Categories: 1

0 Replies to “Accounting 291 Week 4 Assignment”

Leave a comment

L'indirizzo email non verrà pubblicato. I campi obbligatori sono contrassegnati *