Question
The 2017 Annual Report of Tootsie Roll Industries contains the following information. (in millions) December 31, 2017 December 31, 2016 Total assets $930.9 $920.1 Total
The 2017 Annual Report of Tootsie Roll Industries contains the following information.
(in millions) | December 31, 2017 | December 31, 2016 | ||||||
---|---|---|---|---|---|---|---|---|
Total assets | $930.9 | $920.1 | ||||||
Total liabilities | 197.1 | 208.6 | ||||||
Net sales | 515.7 | 517.4 | ||||||
Net income | 80.7 | 67.2 |
Compute the following ratios for Tootsie Roll for 2017.
(a) | Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) | enter the asset turnover rounded to 4 decimal places | times | ||
---|---|---|---|---|---|
(b) | Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) | enter the return on assets in percentages rounded to 2 decimal places | % | ||
(c) | Profit margin on sales (Round answer to 2 decimal places, e.g. 4.87%.) | enter the profit margin on sales in percentages rounded to 3 decimal places | % |
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