The financial statements of Tootsie Roll are presented in Appendix D. The company’s complete annual report, including the notes to its financial statements, is available at www.tootsie.com.

Instructions
Use the company’s financial statements and notes to the financial statements to answer the following questions. (Note that Tootsie Roll has two classes of common stock. To answer the following questions, add the two classes of stock together.)
(a) What is the par or stated value per share of Tootsie Roll’s common stock?
(b) What percentage of Tootsie Roll’s authorized common stock was issued at December 31, 2010? (Round to the nearest full percent.)
(c) How many shares of common stock were outstanding at December 31, 2009, and at December 31, 2010?
(d) Calculate the earnings per share and return on common stockholders’ equity ratio for 2010.