The 2011 Annual Report of Tootsie Roll Industries contains the following Information. Instructions Compute the following ratios
Question:
The 2011 Annual Report of Tootsie Roll Industries contains the following Information.
Instructions
Compute the following ratios for Tootsie Roll for 2011.
(a) Asset turnover.
(b) Return on assets.
(c) Profit margin on sales.
(d) How can the asset turnover be used to compute the return onassets?
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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