Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help finding the rest of the information for these colums with Year 1 being 2020, Year 2 is 2019 & Year 3 is

image text in transcribed

I need help finding the rest of the information for these colums with Year 1 being 2020, Year 2 is 2019 & Year 3 is 2018. I have the provided the information from the tootsie roll factory. Then below I need assistance answering the followings

Question 1: What is Tootsie Roll's Gross Profit Margin? (Hint: Divide Total Gross Margin by Total Revenue). What does this figure represent?

Question 2:What is Tootsie Roll's Profit Margin? (Hint: Profit margin is calculated by dividing Net Earnings by Total Sales). What does this figure represent?

Question 3: What are Tootsie Roll's earnings per share in the three years presented? (Hint: Check the income statement after Net Earnings for this information.)

Question 4: According to note 1 in the Notes to the Consolidated Financial Statements, how does Tootsie Roll Industries, Inc. recognize revenue?

Question 5: Has Net Product Sales shown an increasing or decreasing trend over the past three years? Interpret this trend. Should this be a concern for the company? Why or why not?

Question 6: Has the Net Earnings shown an increasing or decreasing trend over the past three years? Interpret this trend. Should this be a concern for the company? Why or why not?

Question 7: Compare the Net Product Sales trend and the Net Earnings trend. Are these two items trending the same? Interpret any differences and infer what those may mean in relation to the company's operating decisions over the past three years.

AC220_Counserojekhoek (4. Gecel och Fud Home Page Layout Terms Data Review View A Waplot ste BIU.L. 0. A. 3 Merge Center $ - % 911 Condition on forting Styles Cipod Tot Art SIGN IN TOORIKE looks like your teeth to date on Manhalliy your action 5,27,11) A 6 in the References bax, include an APA reference for all information retrieved, whether from the Tootsie roll website 7 itself, specific forms ( 10k) from the Tootsie Roll website, or other outside sources 3 Instructions for citing alok or Annual Report: http://rasmussen answer.com/fe/2021 For general APA help 9 visit the APA Guide: http://uides.ramen edu/apa Year 1 Year 2 Year 3 ST 10 Tootsie Roll Industries Inc. 11 coment 12 Total 13 Product Cost of Goods Sold 14 Rental and Royalty Cost 15 Toron Martin 36 Selling. Marketing and Administrative spentes 17 Earnings from Operations 18 Tace 19 Netting 117,691 20.4 16401 Sesos 22 Ouvions What is Toote hoor De Tele Mbylor White M Model 3 C 7 W E S F G H K AC220_Counserojekhoek (4. Gecel och Fud Home Page Layout Terms Data Review View A Waplot ste BIU.L. 0. A. 3 Merge Center $ - % 911 Condition on forting Styles Cipod Tot Art SIGN IN TOORIKE looks like your teeth to date on Manhalliy your action 5,27,11) A 6 in the References bax, include an APA reference for all information retrieved, whether from the Tootsie roll website 7 itself, specific forms ( 10k) from the Tootsie Roll website, or other outside sources 3 Instructions for citing alok or Annual Report: http://rasmussen answer.com/fe/2021 For general APA help 9 visit the APA Guide: http://uides.ramen edu/apa Year 1 Year 2 Year 3 ST 10 Tootsie Roll Industries Inc. 11 coment 12 Total 13 Product Cost of Goods Sold 14 Rental and Royalty Cost 15 Toron Martin 36 Selling. Marketing and Administrative spentes 17 Earnings from Operations 18 Tace 19 Netting 117,691 20.4 16401 Sesos 22 Ouvions What is Toote hoor De Tele Mbylor White M Model 3 C 7 W E S F G H K

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foreign Corrupt Practices Act Compliance Guidebook Protecting Your Organization From Bribery And Corruption

Authors: Martin T. Biegelman, Daniel R. Biegelman

1st Edition

0470527935, 978-0470527931

More Books

Students also viewed these Accounting questions