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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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