Locate Tootsie Roll s annual report at www tootsie com Using the 2010
Locate Tootsie Roll’s annual report at www.tootsie.com. Using the 2010 annual report:
a. Prepare a common- size balance sheet and in-come statement.
b. Compute the following financial ratios:
• Gross margin percent
• Return on sales
• Return on assets
• Return on equity
• Total asset turnover
• Accounts receivable turnover
• Accounts receivable days
• Inventory turnover
• Inventory days
• Operating cycle
• Debt to assets
• Equity to assets
• Debt to equity
• Equity multiplier
• Current ratio
• Acid test (quick) ratio
• Net working capital Equity
• Book value per share
• Earnings per share
• Price to earnings
• Dividend payout ratio
• Dividend yield
c. Prepare a memo to your professor discussing five key findings revealed by your analysis.

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