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11-24 Please help answer attached question. thank you! The 2014 Annual Report of Tootsie Roll Industries contains the following information. (in millions) Total assets December
11-24 Please help answer attached question. thank you!
The 2014 Annual Report of Tootsie Roll Industries contains the following information. (in millions) Total assets December 31, 2014 December 31, 2013 $910.4 $888.4 Total liabilities 219.3 208.1 Net sales 539.9 539.6 63.2 60.8 Net income Compute the following ratios for Tootsie Roll for 2014. (a) Asset turnover (Round answer to 4 decimal places, e.g. 0.8512 times.) time s (b) Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) % (c) Profit margin on sales (Round answer to 3 decimal places, e.g. 4.872%.) %Step by Step Solution
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