Question: 11-24 Please help answer attached question. thank you! The 2014 Annual Report of Tootsie Roll Industries contains the following information. (in millions) Total assets December

11-24 Please help answer attached question. thank you!

11-24 Please help answer attached question. thank you! The 2014 Annual Report

The 2014 Annual Report of Tootsie Roll Industries contains the following information. (in millions) Total assets December 31, 2014 December 31, 2013 $910.4 $888.4 Total liabilities 219.3 208.1 Net sales 539.9 539.6 63.2 60.8 Net income Compute the following ratios for Tootsie Roll for 2014. (a) Asset turnover (Round answer to 4 decimal places, e.g. 0.8512 times.) time s (b) Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) % (c) Profit margin on sales (Round answer to 3 decimal places, e.g. 4.872%.) %

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