Question
The 2011 Annual Report of Tootsie Roll Industries contains the following information. (in millions) Dec 31,2012 December 31, 2011 Total Assets 857.9 858 Total Liabilities
The 2011 Annual Report of Tootsie Roll Industries contains the following information.
(in millions) Dec 31,2012 December 31, 2011 Total Assets 857.9 858 Total Liabilities 191.9 190.6 Net Sales 528.4 517.1 Net Income 43.9 53
Compute the following ratios for Tootsie Roll for 2011.
(a) Asset turnover ratio
(b) Return on assets
(c) Profit margin on sales
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Proli Footwear Inc An Audit And Fraud Simulation For Team-Based Student Learning
Authors: Patricia Poli, Richard Proctor
2nd Edition
0615455492, 978-0615455495
