Locate Tootsie Rolls annual report at www.tootsie.com. Using the 2010 annual report: a. Prepare a common- size
Question:
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:
Profitability
• Gross margin percent
• Return on sales
• Return on assets
• Return on equity
Efficiency
• Total asset turnover
• Accounts receivable turnover
• Accounts receivable days
• Inventory turnover
• Inventory days
• Operating cycle
Leverage
• Debt to assets
• Equity to assets
• Debt to equity
• Equity multiplier
Liquidity
• 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.
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Step by Step Answer:
Tootsie Roll Ratio Analysis Question a Common Size Analysis Tootsie Roll Industries Common Size Income Statements 2010 2009 2008 Total Revenue 1000 1000 1000 Cost of Revenue 670 640 674 Gross Profit 3...View the full answer
Forensic Accounting
ISBN: 978-0133050479
1st Edition
Authors: Robert Rufus, Laura Miller, William Hahn
