The financial statements of Tootsie Roll are presented in Appendix D. The companys complete annual report, including

Question:

The financial statements of Tootsie Roll are presented in Appendix D. The company’s complete annual report, including the notes to its financial statements, is available at www.tootsie.com.

Instructions
(Round to one decimal place.)
(a) What was the percentage change in (1) total revenue and in (2) net income from 2008 to 2009 and from 2009 to 2010?
(b) What was the company’s gross profi t margin rate in 2008, 2009, and 2010?
(c) What was the company’s percentage of net income to total revenue in 2008, 2009, and 2010?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...