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Hershey: Consolidated Balance Sheets Dollar Amounts in Millions 20X2 20X3 Assets Current Assets Cash and Equivalents Receivables $ 728.3 $ 1,118.5 461.4 477.9 Inventories 633.3 659.5 Deferred Income Taxes Prepaid Expenses and Other Assets Total Current Assets Property, Plant and Equipment, Net Goodwill Other Intangible Assets, net Other Assets 122.2 52.5 168.3 $ 2,113.5 1,674.1 178.9 $ 2,487.3 1,805.3 588.0 576.6 195.2 214.7 164.5 293.0 § 4,754.8 $ 5,357.5 Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts Payable Accrued Liabilities $ 442.0 $ 461.5 650.9 699.7 Accrued Income Taxes Short-Term Debt 2.3 118.2 79.9 166.0 Current Portion of Long-Term Debt Total Current Liabilities Long-Term Debt Other Long-Term Liabilities Deferred Income Taxes Total Liabilities Shareholders' Equity Common Stock Additional Paid-In Capital Retained Earnings Treasury Stock (at cost) Accumulated Other Comprehensive Loss Noncontrolling interests Total Shareholders' Equity Total Liabilities and Shareholders' Equity $ 4,754.8 257.7 0.9 5 1,471.1 1,531.0 $ 1,408.0 1,795.1 668.7 434.1 35.7 5 3,706.5 104.2 $ 3,741.4 359.9 359.9 593.0 664.9 5,027.6 (4,558.7) (385.1) 11.6 5,454.3 (4,707.7) (166.6) 11.2 $ 1,048.4 $ 1,616.1 $ 5,357.5

Hershey: Consolidated Balance Sheets Dollar Amounts in Millions 20X2 20X3 Assets Current Assets Cash and Equivalents Receivables $ 728.3 $ 1,118.5 461.4 477.9 Inventories 633.3 659.5 Deferred Income Taxes Prepaid Expenses and Other Assets Total Current Assets Property, Plant and Equipment, Net Goodwill Other Intangible Assets, net Other Assets 122.2 52.5 168.3 $ 2,113.5 1,674.1 178.9 $ 2,487.3 1,805.3 588.0 576.6 195.2 214.7 164.5 293.0 § 4,754.8 $ 5,357.5 Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts Payable Accrued Liabilities $ 442.0 $ 461.5 650.9 699.7 Accrued Income Taxes Short-Term Debt 2.3 118.2 79.9 166.0 Current Portion of Long-Term Debt Total Current Liabilities Long-Term Debt Other Long-Term Liabilities Deferred Income Taxes Total Liabilities Shareholders' Equity Common Stock Additional Paid-In Capital Retained Earnings Treasury Stock (at cost) Accumulated Other Comprehensive Loss Noncontrolling interests Total Shareholders' Equity Total Liabilities and Shareholders' Equity $ 4,754.8 257.7 0.9 5 1,471.1 1,531.0 $ 1,408.0 1,795.1 668.7 434.1 35.7 5 3,706.5 104.2 $ 3,741.4 359.9 359.9 593.0 664.9 5,027.6 (4,558.7) (385.1) 11.6 5,454.3 (4,707.7) (166.6) 11.2 $ 1,048.4 $ 1,616.1 $ 5,357.5

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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Refer to the information for Hershey above.

Compute the common size balance sheet for 20X3 and the rate of change balance sheet for 20X3. Which two asset accounts and which two liability and shareholders' equity accounts are the largest relative to total assets in 20X3？which two asset accounts and which two liability and shareholders' equity accounts grew at the fastest rates 20X3? ( Note: You may find it helpful to enter the data in to an Excel spreadsheet for these computations.)

Hershey: Consolidated Balance Sheets Dollar Amounts in Millions 20X2 20X3 Assets Current Assets Cash and Equivalents Receivables $ 728.3 $ 1,118.5 461.4 477.9 Inventories 633.3 659.5 Deferred Income Taxes Prepaid Expenses and Other Assets Total Current Assets Property, Plant and Equipment, Net Goodwill Other Intangible Assets, net Other Assets 122.2 52.5 168.3 $ 2,113.5 1,674.1 178.9 $ 2,487.3 1,805.3 588.0 576.6 195.2 214.7 164.5 293.0 § 4,754.8 $ 5,357.5 Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts Payable Accrued Liabilities $ 442.0 $ 461.5 650.9 699.7 Accrued Income Taxes Short-Term Debt 2.3 118.2 79.9 166.0 Current Portion of Long-Term Debt Total Current Liabilities Long-Term Debt Other Long-Term Liabilities Deferred Income Taxes Total Liabilities Shareholders' Equity Common Stock Additional Paid-In Capital Retained Earnings Treasury Stock (at cost) Accumulated Other Comprehensive Loss Noncontrolling interests Total Shareholders' Equity Total Liabilities and Shareholders' Equity $ 4,754.8 257.7 0.9 5 1,471.1 1,531.0 $ 1,408.0 1,795.1 668.7 434.1 35.7 5 3,706.5 104.2 $ 3,741.4 359.9 359.9 593.0 664.9 5,027.6 (4,558.7) (385.1) 11.6 5,454.3 (4,707.7) (166.6) 11.2 $ 1,048.4 $ 1,616.1 $ 5,357.5
Transcribed Image Text:Hershey: Consolidated Balance Sheets Dollar Amounts in Millions 20X2 20X3 Assets Current Assets Cash and Equivalents Receivables $ 728.3 $ 1,118.5 461.4 477.9 Inventories 633.3 659.5 Deferred Income Taxes Prepaid Expenses and Other Assets Total Current Assets Property, Plant and Equipment, Net Goodwill Other Intangible Assets, net Other Assets 122.2 52.5 168.3 $ 2,113.5 1,674.1 178.9 $ 2,487.3 1,805.3 588.0 576.6 195.2 214.7 164.5 293.0 § 4,754.8 $ 5,357.5 Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts Payable Accrued Liabilities $ 442.0 $ 461.5 650.9 699.7 Accrued Income Taxes Short-Term Debt 2.3 118.2 79.9 166.0 Current Portion of Long-Term Debt Total Current Liabilities Long-Term Debt Other Long-Term Liabilities Deferred Income Taxes Total Liabilities Shareholders' Equity Common Stock Additional Paid-In Capital Retained Earnings Treasury Stock (at cost) Accumulated Other Comprehensive Loss Noncontrolling interests Total Shareholders' Equity Total Liabilities and Shareholders' Equity $ 4,754.8 257.7 0.9 5 1,471.1 1,531.0 $ 1,408.0 1,795.1 668.7 434.1 35.7 5 3,706.5 104.2 $ 3,741.4 359.9 359.9 593.0 664.9 5,027.6 (4,558.7) (385.1) 11.6 5,454.3 (4,707.7) (166.6) 11.2 $ 1,048.4 $ 1,616.1 $ 5,357.5
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