The financial statements for Tootsie Roll Industries appear in Appendix A at the end of this book.
Question:
Instructions
Answer these questions using the Consolidated Income Statement.
(a) What was the percentage change in total revenue and in net income from 2008 to 2009?
(b) What was the profit margin ratio in each of the 3 years? (Use “Total Revenue.”) Comment on the trend.
(c) What was Tootsie Roll’s gross profit rate in each of the 3 years? (Use “Product” amounts.) Comment on the trend.
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... Consolidated Income Statement
When talking about the group financial statements the consolidated financial statements include Consolidated Income Statement that a parent must prepare among other sets of consolidated financial statements. Consolidated Income statement that is...
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a Percentage change in total revenue 2008 to 2009 499331 496016 ...View the full answer
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Related Book For 
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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