pls assist with assignment

Print Assignment: Assignment: Week 4 Assignment ::true function doOnload() { window.focus(); } function doOnunload() {} Description / Instructions: Complete the following Week 4 Assignment in WileyPLUS: * Do It! 11-1 * Exercise 11-5 * Exercise 11-07 * BYP 11-1 * BYP 11-2 * Problem 11-5A * Problem 11-8A var tablesArray = new Array(); var changeValueLabelsArray = new Array(); function hideTablesForPreview(){ } Do It! Review 11-1 var qID = "quest2378766entrance1"; var qIDselected_question = "quest2378766"; // function doOnload() { window.focus(); } function doOnunload() { closeWindows(); } // Get OS. If OS is unknown - work as it is Windows. function getOS() { with (navigator) { if (parseInt(appVersion.substring(0,2)) >= 4) { if (appVersion.indexOf('Win')!=-1) { return 0; } else if (appVersion.indexOf('Mac')!=-1) { return 1; } else { return 0; } } else { return 0; } } } // enable/disable significant digits, choose tolerance level(assignment/item) function setPolicies(in_id) { var forma = document.forms.forma; forma.set_question_policy.value="true"; forma.submit(); } function qhelp(in_url) { var winUrl = in_url; var winName = "winItemHelp" var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; closeWindow(winName); createWindow(winUrl,winName,winParam); } function showHint(in_item) { var winUrl = "qhint.uni?itemid=" + in_item; var winName = "winItemHint" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showChart(in_item) { var winUrl = "qchart.uni?itemid=" + in_item; var winName = "winItemChart" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolution(in_item){ var winUrl = "qsolution.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolutionTutor(in_item) { var winUrl = "qsolution_tutor.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=yes" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showAnswer(in_item) { var winUrl = "qanswer.uni?itemid=" + in_item; var winName = "winItemAnswer" + in_item; var winParam = getParamsString(640, 440, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function changeValues() { with(document.forms.forma) { newval.value = "-change-values"; submit(); } } // view item in pop-up window function viewResource(in_resource) { var winUrl = "../../../shared/resource/view_resource.uni?id=" + in_resource; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=yes" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //**************************************** // reference window open / reopen //**************************************** function callRefWin(in_url) { var winUrl = in_url; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //************************************************** // xlinkobject (outer human-friendly links ) // also used for links to ilw and cs //************************************************** function xlinkobject(in_linkid) { if (in_linkid.indexOf("rsd") != -1) { var idres = in_linkid; viewResource(idres); } else { var winUrl = "/edugen/player/references/index.uni?mode=help" + "&xlinkobject=" + in_linkid; callRefWin(winUrl); } } //************************************************** // pageURL (links with known URL) //************************************************** function pageURL(in_url){ var s_url = "/edugen/player/references/index.uni?mode=help&pageURL="+ in_url; callRefWin(s_url); } function openPractice(in_linkid) { // do not delete the function } function selfClose() { self.close(); } function sdenableChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["sdenable_" + in_id].value = "1"; else elements["sdenable_" + in_id].value = "0"; } } function toleranceLevelChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["tolerance_level_" + in_id].value = "question"; else elements["tolerance_level_" + in_id].value = "assignment"; } } function getPoolItem(in_obj){ var poolid = document.forms.forma.poolid.value; self.location.replace("qpreview.uni?poolid="+poolid+"&question_policy=&id=" + in_obj.options[in_obj.selectedIndex].value); } function open_wimba(in_operation, in_classID, in_userID, in_agID, in_questionID, in_partID, in_attemptNum, in_attemptId, in_frameid) { var el = document.getElementById("div_" + in_frameid); if(el!=null){ el.style.display = "block"; } with(document.getElementById(in_frameid)){ src="/edugen/wileyvt?operation="+in_operation+"&classid="+in_classID+"&userid="+in_userID+"&agid="+in_agID+"&qid="+in_questionID+"&partid="+in_partID+"&anum="+in_attemptNum+"&attempt="+in_attemptId;_ width="240px"; height= el==null ? "48px" : "130px"; } } // Question 1 beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,{ [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // Indicate whether each of the following statements is true or false.

1.The corporation is an entity separate and distinct from its owners.

2.The liability of stockholders is normally limited to their investment in the corporation.

3.The relative lack of government regulation is an advantage of the corporate form of business.

4.There is no journal entry to record the authorization of capital stock.

5.No-par value stock is quite rare today.

Warning Don't show me this message again for the assignment Ok Cancel Exercise 11-5 var qID = "quest2378778entrance1"; var qIDselected_question = "quest2378778"; // function doOnload() { window.focus(); } function doOnunload() { closeWindows(); } // Get OS. If OS is unknown - work as it is Windows.

Because of the pressure of the new job, the accountant was unable to review what he had learned earlier about corporation accounting. During the first month, he made the following entries for the corporation’s capital stock.

May 2Cash104,000 Capital Stock104,000 (Issued 8,000 shares of $10 par value common stock at $13 per share) 10Cash530,000 Capital Stock530,000 (Issued 10,000 shares of $20 par value preferred stock at $53 per share) 15Capital Stock7,200 Cash7,200 (Purchased 600 shares of common stock for the treasury at $12 per share) On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Warning Don't show me this message again for the assignment Ok Cancel Exercise 11-7 var qID = "quest2378781entrance1"; var qIDselected_question = "quest2378781"; // function doOnload() { window.focus(); } function doOnunload() { closeWindows(); } // Get OS. If OS is unknown - work as it is Windows.

Pele is considering the following two courses of action:

(1)Declaring a 5% stock dividend on the 81,000 $8 par value shares outstanding (2)Effecting a 2-for-1 stock split that will reduce par value to $4 per share.

The current market price is $17 per share.

Prepare a tabular summary of the effects of the alternative actions on the company’s stockholders’ equity and outstanding shares.

Pele Company’s Balance Sheet Before ActionAfter Stock DividendAfter Stock Split Stockholders’ equity Paid-in capital $ $ $ Retained earnings Total stockholders’ equity $ $ $ Outstanding shares Warning Don't show me this message again for the assignment Ok Cancel Broadening Your Perspective 11-1 var qID = "quest2378819entrance1"; var qIDselected_question = "quest2378819"; // function doOnload() { window.focus(); } function doOnunload() { closeWindows(); } // Get OS. If OS is unknown - work as it is Windows. function getOS() { with (navigator) { if (parseInt(appVersion.substring(0,2)) >= 4) { if (appVersion.indexOf('Win')!=-1) { return 0; } else if (appVersion.indexOf('Mac')!=-1) { return 1; } else { return 0; } } else { return 0; } } } // enable/disable significant digits, choose tolerance level(assignment/item) function setPolicies(in_id) { var forma = document.forms.forma; forma.set_question_policy.value="true"; forma.submit(); } function qhelp(in_url) { var winUrl = in_url; var winName = "winItemHelp" var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; closeWindow(winName); createWindow(winUrl,winName,winParam); } function showHint(in_item) { var winUrl = "qhint.uni?itemid=" + in_item; var winName = "winItemHint" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showChart(in_item) { var winUrl = "qchart.uni?itemid=" + in_item; var winName = "winItemChart" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolution(in_item){ var winUrl = "qsolution.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolutionTutor(in_item) { var winUrl = "qsolution_tutor.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=yes" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showAnswer(in_item) { var winUrl = "qanswer.uni?itemid=" + in_item; var winName = "winItemAnswer" + in_item; var winParam = getParamsString(640, 440, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function changeValues() { with(document.forms.forma) { newval.value = "-change-values"; submit(); } } // view item in pop-up window function viewResource(in_resource) { var winUrl = "../../../shared/resource/view_resource.uni?id=" + in_resource; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=yes" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //**************************************** // reference window open / reopen //**************************************** function callRefWin(in_url) { var winUrl = in_url; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //************************************************** // xlinkobject (outer human-friendly links ) // also used for links to ilw and cs //************************************************** function xlinkobject(in_linkid) { if (in_linkid.indexOf("rsd") != -1) { var idres = in_linkid; viewResource(idres); } else { var winUrl = "/edugen/player/references/index.uni?mode=help" + "&xlinkobject=" + in_linkid; callRefWin(winUrl); } } //************************************************** // pageURL (links with known URL) //************************************************** function pageURL(in_url){ var s_url = "/edugen/player/references/index.uni?mode=help&pageURL="+ in_url; callRefWin(s_url); } function openPractice(in_linkid) { // do not delete the function } function selfClose() { self.close(); } function sdenableChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["sdenable_" + in_id].value = "1"; else elements["sdenable_" + in_id].value = "0"; } } function toleranceLevelChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["tolerance_level_" + in_id].value = "question"; else elements["tolerance_level_" + in_id].value = "assignment"; } } function getPoolItem(in_obj){ var poolid = document.forms.forma.poolid.value; self.location.replace("qpreview.uni?poolid="+poolid+"&question_policy=&id=" + in_obj.options[in_obj.selectedIndex].value); } function open_wimba(in_operation, in_classID, in_userID, in_agID, in_questionID, in_partID, in_attemptNum, in_attemptId, in_frameid) { var el = document.getElementById("div_" + in_frameid); if(el!=null){ el.style.display = "block"; } with(document.getElementById(in_frameid)){ src="/edugen/wileyvt?operation="+in_operation+"&classid="+in_classID+"&userid="+in_userID+"&agid="+in_agID+"&qid="+in_questionID+"&partid="+in_partID+"&anum="+in_attemptNum+"&attempt="+in_attemptId;_ width="240px"; height= el==null ? "48px" : "130px"; } } // Question 4 beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,i [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // The stockholders’ equity section of Tootsie Roll Industries’ balance sheet is shown in the Consolidated Statement of Financial Position. (Note that Tootsie Roll has two classes of common stock. To answer the following questions, add the two classes of stock together.) TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data) For the year ended December 31, 201120102009 Net product sales $528,369$517,149$495,592 Rental and royalty revenue4,1364,2993,739 Total revenue532,505 521,448 499,331 Product cost of goods sold365,225349,334319,775 Rental and royalty cost1,0381,088852 Total costs366,263 350,422 320,627 Product gross margin163,144167,815175,817 Rental and royalty gross margin3,0983,2112,887 Total gross margin166,242 171,026 178,704 Selling, marketing and administrative expenses108,276106,316103,755 Impairment charges——14,000 Earnings from operations57,966 64,710 60,949 Other income (expense), net2,946 8,358 2,100 Earnings before income taxes60,912 73,068 63,049 Provision for income taxes16,974 20,005 9,892 Net earnings$43,938 $53,063 $53,157 Net earnings$43,938$53,063$53,157 Other comprehensive earnings (loss)(8,740)1,1832,845 Comprehensive earnings$35,198 $54,246 $56,002 Retained earnings at beginning of year.$135,866$147,687$144,949 Net earnings43,93853,06353,157 Cash dividends(18,360)(18,078)(17,790) Stock dividends(47,175)(46,806)(32,629) Retained earnings at end of year$114,269 $135,866 $147,687 Earnings per share$0.76$0.90$0.89 Average Common and Class B Common shares outstanding 57,89258,68559,425 (The accompanying notes are an integral part of these statements.) CONSOLIDATED STATEMENTS OF Financial Position TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share data) AssetsDecember 31, 20112010 CURRENT ASSETS:

Cash and cash equivalents$78,612$115,976 Investments10,8957,996 Accounts receivable trade, less allowances of $1,731 and $1,53141,89537,394 Other receivables3,3919,961 Inventories:

Finished goods and work-in-process42,67635,416 Raw materials and supplies29,08421,236 Prepaid expenses5,0706,499 Deferred income taxes578689 Total current assets212,201 235,167 PROPERTY, PLANT AND EQUIPMENT, at cost:

Land21,93921,696 Buildings107,567102,934 Machinery and equipment322,993307,178 Construction in progress2,598 9,243 455,097 440,974 Less—Accumulated depreciation242,935 225,482 Net property, plant and equipment212,162 215,492 OTHER ASSETS:

Goodwill73,23773,237 Trademarks175,024175,024 Investments96,16164,461 Split dollar officer life insurance74,20974,441 Prepaid expenses3,2126,680 Equity method investment3,9354,254 Deferred income taxes7,7159,203 Total other assets433,493 407,300 Total assets$857,856 $857,959 Liabilities and Shareholders’ EquityDecember 31, 20112010 CURRENT LIABILITIES:

Accounts payable$10,683$9,791 Dividends payable4,6034,529 Accrued liabilities43,06944,185 Total current liabilities58,355 58,505 NONCURRENT LIABILITES:

Deferred income taxes43,52147,865 Postretirement health care and life insurance benefits26,10820,689 Industrial development bonds7,5007,500 Liability for uncertain tax positions8,3459,835 Deferred compensation and other liabilities48,09246,157 Total noncurrent liabilities133,566 132,046 SHAREHOLDERS’ EQUITY:

Common stock, $.69-4/9 par value—120,000 shares authorized—36,479 and 36,057 respectively, issued25,33325,040 Class B common stock, $.69-4/9 par value—40,000 shares authorized—21,025 and 20,466 respectively, issued14,60114,212 Capital in excess of par value533,677505,495 Retained earnings, per accompanying statement114,269135,866 Accumulated other comprehensive loss(19,953)(11,213) Treasury stock (at cost)—71 shares and 69 shares, respectively(1,992)(1,992) Total shareholders’ equity665,935 667,408 Total liabilities and shareholders’ equity$857,856 $857,959 TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF Cash Flows (in thousands) For the year ended December 31, 201120102009 CASH FLOWS FROM OPERATING ACTIVITIES:

Net earnings$43,938$53,063$53,157 Adjustments to reconcile net earnings to net cash provided by operating activities:

Depreciation19,22918,27917,862 Impairment charges— — 14,000 Impairment of equity method investment — — 4,400 Loss from equity method investment 194342233 Amortization of marketable security premiums 1,267522320 Changes in operating assets and liabilities:

Accounts receivable (5,448)717(5,899) Other receivables 3,963(2,373)(2,088) Inventories (15,631)(1,447)455 Prepaid expenses and other assets 5,1064,9365,203 Accounts payable and accrued liabilities 842,180(2,755) Income taxes payable and deferred (5,772)2,322(12,543) Postretirement health care and life insurance benefits 2,0221,4291,384 Deferred compensation and other liabilities 2,1462,5252,960 Others (708)310305 Net cash provided by operating activities50,390 82,805 76,994 CASH FLOWS FROM INVESTING ACTIVITIES:

Capital expenditures (16,351)(12,813)(20,831) Net purchase of trading securities (3,234)(2,902)(1,713) Purchase of available for sale securities (39,252)(9,301)(11,331) Sale and maturity of available for sale securities 7,6808,20817,511 Net cash used in investing activities (51,157)(16,808)(16,364) CASH FLOWS FROM FINANCING ACTIVITIES:

Warning Don't show me this message again for the assignment Ok Cancel beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,1 [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // What is the par or stated value per share of Tootsie Roll’s common stock? (Round answer to 4 decimal places, e.g. 1.2531.) Par or stated value per share$ Warning Don't show me this message again for the assignment Ok Cancel beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,4 [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // What percentage of Tootsie Roll’s authorized common stock was issued at December 31, 2011? (Round to 0 decimal places, e.g. 17%) Percentage of common stock issued % Warning Don't show me this message again for the assignment Ok Cancel beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,T [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // How many shares of common stock were outstanding at December 31, 2010, and at December 31, 2011? (Enter the answers in thousands.) 20112010 Number of shares outstanding Warning Don't show me this message again for the assignment Ok Cancel beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,e [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // Calculate the payout ratio, earnings per share, and return on common stockholders’ equity for 2011. (Round earnings per share to 2 decimal places, e.g. 15.12 and all other answers to 1 decimal places, e.g. 12.5%.) Payout ratio % Earnings per share$ Return on common stockholders’ equity % Warning Don't show me this message again for the assignment Ok Cancel Broadening Your Perspective 11-2 var qID = "quest2378822entrance1"; var qIDselected_question = "quest2378822"; // function doOnload() { window.focus(); } function doOnunload() { closeWindows(); } // Get OS. If OS is unknown - work as it is Windows. function getOS() { with (navigator) { if (parseInt(appVersion.substring(0,2)) >= 4) { if (appVersion.indexOf('Win')!=-1) { return 0; } else if (appVersion.indexOf('Mac')!=-1) { return 1; } else { return 0; } } else { return 0; } } } // enable/disable significant digits, choose tolerance level(assignment/item) function setPolicies(in_id) { var forma = document.forms.forma; forma.set_question_policy.value="true"; forma.submit(); } function qhelp(in_url) { var winUrl = in_url; var winName = "winItemHelp" var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; closeWindow(winName); createWindow(winUrl,winName,winParam); } function showHint(in_item) { var winUrl = "qhint.uni?itemid=" + in_item; var winName = "winItemHint" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showChart(in_item) { var winUrl = "qchart.uni?itemid=" + in_item; var winName = "winItemChart" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolution(in_item){ var winUrl = "qsolution.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(650, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showSolutionTutor(in_item) { var winUrl = "qsolution_tutor.uni?itemid=" + in_item; var winName = "winItemSolution" + in_item; var winParam = getParamsString(600, 400, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=yes" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function showAnswer(in_item) { var winUrl = "qanswer.uni?itemid=" + in_item; var winName = "winItemAnswer" + in_item; var winParam = getParamsString(640, 440, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; createWindow(winUrl,winName,winParam); } function changeValues() { with(document.forms.forma) { newval.value = "-change-values"; submit(); } } // view item in pop-up window function viewResource(in_resource) { var winUrl = "../../../shared/resource/view_resource.uni?id=" + in_resource; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=yes" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //**************************************** // reference window open / reopen //**************************************** function callRefWin(in_url) { var winUrl = in_url; var winName = "REFERENCE"; var winParam = getParamsString(700, 500, 0, 0) + ",resizable=yes" + ",copyhistory=no" + ",directories=no" + ",location=no" + ",menubar=no" + ",scrollbars=yes" + ",status=no" + ",toolbar=no"; if (isWindow("REFERENCE")) { replaceWindow(winUrl, winName); } else { createWindow(winUrl, winName, winParam); } } //************************************************** // xlinkobject (outer human-friendly links ) // also used for links to ilw and cs //************************************************** function xlinkobject(in_linkid) { if (in_linkid.indexOf("rsd") != -1) { var idres = in_linkid; viewResource(idres); } else { var winUrl = "/edugen/player/references/index.uni?mode=help" + "&xlinkobject=" + in_linkid; callRefWin(winUrl); } } //************************************************** // pageURL (links with known URL) //************************************************** function pageURL(in_url){ var s_url = "/edugen/player/references/index.uni?mode=help&pageURL="+ in_url; callRefWin(s_url); } function openPractice(in_linkid) { // do not delete the function } function selfClose() { self.close(); } function sdenableChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["sdenable_" + in_id].value = "1"; else elements["sdenable_" + in_id].value = "0"; } } function toleranceLevelChange(in_checked, in_id) { with(document.forms.forma) { if(in_checked) elements["tolerance_level_" + in_id].value = "question"; else elements["tolerance_level_" + in_id].value = "assignment"; } } function getPoolItem(in_obj){ var poolid = document.forms.forma.poolid.value; self.location.replace("qpreview.uni?poolid="+poolid+"&question_policy=&id=" + in_obj.options[in_obj.selectedIndex].value); } function open_wimba(in_operation, in_classID, in_userID, in_agID, in_questionID, in_partID, in_attemptNum, in_attemptId, in_frameid) { var el = document.getElementById("div_" + in_frameid); if(el!=null){ el.style.display = "block"; } with(document.getElementById(in_frameid)){ src="/edugen/wileyvt?operation="+in_operation+"&classid="+in_classID+"&userid="+in_userID+"&agid="+in_agID+"&qid="+in_questionID+"&partid="+in_partID+"&anum="+in_attemptNum+"&attempt="+in_attemptId; width="240px"; height= el==null ? "48px" : "130px"; } } // Question 5 beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,k [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // 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 31,201120102009 In thousands of dollars except per share amounts Net Sales$6,080,788 $5,671,009$5,298,668 Costs and Expenses:

Cost of sales3,548,8963,255,8013,245,531 Selling, marketing and administrative1,477,7501,426,4771,208,672 Business realignment and impairment (credits) charges, net(886)83,43382,875 Total costs and expenses5,025,760 4,765,7114,537,078 Income before Interest and Income Taxes1,055,028 905,298761,590 Interest expense, net92,183 96,43490,459 Income before Income Taxes962,845 808,864671,131 Provision for income taxes333,883 299,065235,137 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 Stock1.25001.16001.0712 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 31,20112010 In thousands of dollars ASSETS Current Assets:

Cash and cash equivalents$693,686$884,642 Accounts receivable—trade399,499390,061 Inventories648,953533,622 Deferred income taxes136,86155,760 Prepaid expenses and other167,559 141,132 Total current assets2,046,5582,005,217 Property, Plant and Equipment, Net1,559,7171,437,702 Goodwill516,745524,134 Other Intangibles111,913123,080 Deferred Income Taxes38,54421,387 Other Assets138,722 161,212 Total assets$4,412,199 $4,272,732 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities:

Accounts payable$420,017$410,655 Accrued liabilities612,186593,308 Accrued income taxes1,8999,402 Short-term debt42,08024,088 Current portion of long-term debt97,593 261,392 Total current liabilities1,173,7751,298,845 Long-term Debt1,748,5001,541,825 Other Long-term Liabilities617,276 494,461 Total liabilities3,539,551 3,335,131 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 2010299,269299,195 Class B Common Stock, shares issued:

60,632,042 in 2011 and 60,706,419 in 201060,63260,706 Additional paid-in capital490,817434,865 Retained earnings4,699,5974,374,718 Treasury—Common Stock shares, at cost:

134,695,826 in 2011 and 132,871,512 in 2010(4,258,962)(4,052,101) Accumulated other comprehensive loss(442,331)(215,067) The Hershey Company stockholders’ equity849,022 902,316 Noncontrolling interests in subsidiaries23,626 35,285 Total stockholders’ equity872,648 937,601 Total liabilities and stockholders’equity$4,412,199 $4,272,732 THE HERSHEY COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS For the years ended December 31,201120102009 In thousands of dollars Cash Flows Provided from (Used by) Operating Activities Net income $628,962$509,799$435,994 Adjustments to reconcile net income to net cash provided from operations:

Depreciation and amortization215,763197,116182,411 Stock-based compensation expense, net of tax of $15,127, $17,413 and $19,223, respectively28,34132,05534,927 Excess tax benefits from stock-based compensation(13,997)(1,385)(4,455) Deferred income taxes33,611(18,654)(40,578) Gain on sale of trademark licensing rights, net of tax of $5,962(11,072)— — Business realignment and impairment charges, net of tax of $18,333, $20,635 and $38,308, respectively30,83877,93560,823 Contributions to pension plans(8,861)(6,073)(54,457) Changes in assets and liabilities, net of effects from business acquisitions and divestitures:

Accounts receivable—trade(9,438)20,32946,584 Inventories(115,331)(13,910)74,000 Accounts payable7,86090,43437,228 Other assets and liabilities(205,809)13,777293,272 Net Cash Provided from Operating Activities580,867 901,423 1,065,749 Cash Flows Provided from (Used by) Investing Activities Capital additions(323,961)(179,538)(126,324) Capitalized software additions(23,606)(21,949)(19,146) Proceeds from sales of property, plant and equipment3122,20110,364 Proceeds from sales of trademark licensing rights20,000—— Business acquisitions(5,750)—(15,220) Net Cash (Used by) Investing Activities (333,005)(199,286)(150,326) Cash Flows Provided from (Used by) Financing Activities Net change in short-term borrowings10,8341,156(458,047) Long-term borrowings249,126348,208— Repayment of long-term debt(256,189)(71,548)(8,252) Proceeds from lease financing agreement47,601— — Cash dividends paid(304,083)(283,434)(263,403) Exercise of stock options184,41192,03328,318 Excess tax benefits from stock-based compensation13,9971,3854,455 Contributions from noncontrolling interests in subsidiaries—10,1997,322 Repurchase of Common Stock(384,515)(169,099)(9,314) Net Cash (Used by) Financing Activities(438,818)(71,100)(698,921) (Decrease) Increase in Cash and Cash Equivalents(190,956)631,037216,502 Cash and Cash Equivalents as of January 1884,642253,60537,103 Cash and Cash Equivalents as of December 31$693,686 $884,642 $253,605 Interest Paid$97,892$97,932$91,623 Income Taxes Paid292,315350,948252,230 TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data) For the year ended December 31, 201120102009 Net product sales $528,369$517,149$495,592 Rental and royalty revenue4,1364,2993,739 Total revenue532,505 521,448 499,331 Product cost of goods sold365,225349,334319,775 Rental and royalty cost1,0381,088852 Total costs366,263 350,422 320,627 Product gross margin163,144167,815175,817 Rental and royalty gross margin3,0983,2112,887 Total gross margin166,242 171,026 178,704 Selling, marketing and administrative expenses108,276106,316103,755 Impairment charges——14,000 Earnings from operations57,966 64,710 60,949 Other income (expense), net2,946 8,358 2,100 Earnings before income taxes60,912 73,068 63,049 Provision for income taxes16,974 20,005 9,892 Net earnings$43,938 $53,063 $53,157 Net earnings$43,938$53,063$53,157 Other comprehensive earnings (loss)(8,740)1,1832,845 Comprehensive earnings$35,198 $54,246 $56,002 Retained earnings at beginning of year.$135,866$147,687$144,949 Net earnings43,93853,06353,157 Cash dividends(18,360)(18,078)(17,790) Stock dividends(47,175)(46,806)(32,629) Retained earnings at end of year$114,269 $135,866 $147,687 Earnings per share$0.76$0.90$0.89 Average Common and Class B Common shares outstanding 57,89258,68559,425 (The accompanying notes are an integral part of these statements.) CONSOLIDATED STATEMENTS OF Financial Position TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share data) AssetsDecember 31, 20112010 CURRENT ASSETS:

Cash and cash equivalents$78,612$115,976 Investments10,8957,996 Accounts receivable trade, less allowances of $1,731 and $1,53141,89537,394 Other receivables3,3919,961 Inventories:

Accounts payable$10,683$9,791 Dividends payable4,6034,529 Accrued liabilities43,06944,185 Total current liabilities58,355 58,505 NONCURRENT LIABILITES:

Net earnings$43,938$53,063$53,157 Adjustments to reconcile net earnings to net cash provided by operating activities:

Shares repurchased and retired (18,190)(22,881)(20,723) Dividends paid in cash (18,407)(18,130)(17,825) Net cash used in financing activities (36,597)(41,011)(38,548) Increase (decrease) in cash and cash equivalents(37,364)24,98622,082 Cash and cash equivalents at beginning of year115,97690,99068,908 Cash and cash equivalents at end of year$78,612$115,976$90,990 Supplemental cash flow information Income taxes paid $16,906$20,586$22,364 Interest paid $38$49$182 Stock dividend issued $47,053$46,683$32,538 (The accompanying notes are an integral part of these statements.) Warning Don't show me this message again for the assignment Ok Cancel beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,t [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // Based on the information in these financial statements, compute the 2011 return on common stockholders’ equity, debt to assets ratio, and return on assets for each company. (Round answers to 1 decimal places, e.g.

15.2%.) Hershey Company Tootsie Roll Return on common stockholders’ equity % % Debt to assets % % Return on assets % % Warning Don't show me this message again for the assignment Ok Cancel beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,k [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // Compute the payout ratio for each company. Which pays out a higher percentage of its earnings? (Round answers to 1 decimal places, e.g. 15.2%.) Hershey Company Tootsie Roll Payout ratio % % Which pays out a higher percentage of its earnings?

pays out a higher percentage of its earnings.

Warning Don't show me this message again for the assignment Ok Cancel Problem 11-5A var qID = "quest2378805entrance1"; var qIDselected_question = "quest2378805"; // function doOnload() { window.focus(); } function doOnunload() { closeWindows(); } // Get OS. If OS is unknown - work as it is Windows.

The corporation assigned a $5 stated value to the common stock. At December 31, 2014, the ledger contained the following balances pertaining to stockholders’ equity.

Preferred Stock$150,000 Paid-in Capital in Excess of Par Value—Preferred Stock20,000 Common Stock2,000,000 Paid-in Capital in Excess of Stated Value—Common Stock1,520,000 Treasury Stock— (4,000 common shares)36,000 Retained Earnings82,000 The preferred stock was issued for $170,000 cash. All common stock issued was for cash. In November 4,000 shares of common stock were purchased for the treasury at a per share cost of $9. No dividends were declared in 2014.

(2)Issuance of common stock for cash.

(3)Purchase of common treasury stock for cash.

No.

Account Titles and Explanation Debit Credit 1.

Warning Don't show me this message again for the assignment Ok Cancel beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class, [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // Prepare the stockholders’ equity section of the balance sheet at December 31, 2014.

PRINGLE CORPORATION Partial Balance Sheet December 31, 2014 $ $ $ :

$ Warning Don't show me this message again for the assignment Ok Cancel Problem 11-8A var qID = "quest2378810entrance1"; var qIDselected_question = "quest2378810"; // function doOnload() { window.focus(); } function doOnunload() { closeWindows(); } // Get OS. If OS is unknown - work as it is Windows.

Common Stock ($10 par value, 70,000 shares issued and outstanding)$700,000 Paid-in Capital in Excess of Par Value500,000 Retained Earnings620,000 During the year, the following transactions occurred.

Jan. 15Declared a $0.50 cash dividend per share to stockholders of record on January 31, payable February 15.

Feb. 15Paid the dividend declared in January.

Apr. 15Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $14 per share.

May 15Issued the shares for the stock dividend.

Dec. 1Declared a $0.60 per share cash dividend to stockholders of record on December 15, payable January 10, 2015.

Dec. 31Determined that net income for the year was $400,000.

Warning Don't show me this message again for the assignment Ok Cancel beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,p [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // Journalize the transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit (To close net income) (To close stock dividends) (To close cash dividends) Warning Don't show me this message again for the assignment Ok Cancel beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,e [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // Enter the beginning balances and post the entries to the stockholders’ equity T-accounts. (Post entries in the order of journal entries posted in the previous part) Common Stock Retained Earnings Paid-in Capital in Excess of Par Value Cash Dividends Common Stock Dividends Distributable Stock Dividends Warning Don't show me this message again for the assignment Ok Cancel beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class,g [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // Prepare the stockholders’ equity section of the balance sheet at December 31.

EVERETT CORPORATION Partial Balance Sheet December 31, 2014 $ $ Warning Don't show me this message again for the assignment Ok Cancel beforeUnloadInterceptForLinks("a:not('.switcher_inside_question_marker_class, [target]')"); // jQuery(document).ready( function (){ topWindow.isTimeReached = false; topWindow.isUserSwitchesWithinAssignment = false; topWindow.isLogoutPressed = false; topWindow.isUserSwitchesMode = false; topWindow.existsNonClosedQuestion = []; topWindow.removeOnBeforeUnLoad = removeOnBeforeUnLoad; topWindow.questionPlayerWindow = window; topWindow.isMiddleware = '' != ''; topWindow.appWebRoot = '/edugen'; } ); // Calculate the payout ratio and return on common stockholders’ equity. (Round answers to 1 decimal place, e.g. 12.5%.) Payout ratio % Return on common stockholders’ equity % Warning Don't show me this message again for the assignment Ok Cancel