Tootsie Roll Industries has two business segments, one for operations in the United States and one for
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Tootsie Roll Industries has two business segments, one for operations in the United States and one for operations in Mexico and Canada. The following information (in thousands) comes from a recent annual report: Year 2 Year 1 United States Mexico and Canada United States Mexico and Canada Sales $ 499,660 $ 46,325 $ 487,185 $ 41,184 Net assets 821,335 25,402 832,260 25,740 Net earnings 55,074 1,200 42,554 1,399
Required Find the capital turnover.
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078025778
17th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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