The financial statements of Hershey Foods are presented in Appendix B, following the financial statements for Tootsie

Question:

The financial statements of Hershey Foods are presented in Appendix B, following the financial statements for Tootsie Roll in Appendix A.

Instructions

(a) Based on the information contained in these financial statements, determine the following values for each company.

(1) Profit margin ratio for 2004.

(2) Gross profit for 2004.

(3) Gross profit rate for 2004.

(4) Operating income for 2004.

(5) Percentage change in operating income from 2003 to 2004.

(b) What conclusions concerning the relative profitability of the two companies can be drawn from these data?

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