Business
Managerial Accounting
Tootsie Roll Industries has two business segments, one for operations

Tootsie Roll Industries has two business segments, one for operations in the U.S. and one for operations

Question:

Tootsie Roll Industries has two business segments, one for operations in the U.S. and one for operations in Mexico and Canada. The information below (in thousands) comes from a recent annual report. Find the ROI for each segment for each year.

Instructions
Find and analyze segment ROI by using the DuPont method described in this chapter. Explain the performance difference between the two segments across the two years by using the information from the DuPont breakdown ofROI.

Transcribed Image Text:

Year 2 Year 1 United Mexico and United Mexico and States States Canada $365,920$27,265 $362,290 $29,465 511,743 14,997 489,552 18,909 317 Canada Sales Net assets Net eanings 65,413 975 65,370

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 83% (6 reviews)

While the net amount of US assets increased the net foreign assets decreased This could be a result ...View the full answer

Answered By

Mugdha Sisodiya

My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional. Since 2012 I am providing home tutions.

3.30+ 2+ Reviews 10+ Question Solved

Related Book For book-img-for-question

Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

See More Books

Question Posted: Apr 17, 2014 11:12 AM

See More Questions

Students also viewed these Managerial Accounting questions

The following information was summarized from a recent annual report of The Hershey Company: (In thousands) Accounts receivable-trade: December 31, 2010...
The following footnote was abstracted from a recent annual report of Johnson & Johnson Company: Footnote 7: Foreign Currency Translation For translation of its international currencies, the Company...
This problem is based on a recent annual report of the City of Tucson. Dates have been changed. 1. The letter of transmittal from the city's nance director reports that the city's bonds were rated AA...
Perform the indicated operations and simplify the result. Leave your answer in factored form. X x - 3 x + 1 x2 + 5x 24
Solve Problem using Gauss-Jordan elimination. 3x1 - 9x2 + 12x3 = 6 -2x1 + 6x2 - 8x3 = -4
The boiling temperature of nitrogen at atmospheric pressure at sea level (1 atm) is 2196C. Therefore, nitrogen is commonly used in low temperature scientific studies since the temperature of liquid...
Reconsider Example 2.20. The conditional probability that a high level of contamination was present when a failure occurred is to be determined. The information from Example 2.20 is summarized here....
Intuit Inc. develops and sells software products for the personal finance market, including popular titles such as Quicken and TurboTax. Classify each of the following costs and expenses for this...
You want to begin saving for your daughter to go to graduate school at Oklahoma starting 10 years from now. You expect that you will need to make tuition payments of $3.000 per month for the two...
Sketch 1H NMR spectra for the following compounds. Estimate chemical shifts (see Section 10-4) and show the proper multiplets for peaks that exhibit spin spin coupling. (a) CH 3 CH 2 OCH 2 Br; (b)...
The manager of Healthy Snack Division of Fairfax Industries is evaluated on her divisions return on investment and residual income. The company requires that all divisions generate a minimum return...
Bob Banker is the manager of one location of the Fastwhere Inc. chain, which is a delivery service. Bankers location is currently earning an ROI of 14 percent on existing average capital of $750,000....
Has TV Advertising Lost Its Power? Long deemed the most successful marketing medium, television advertising is increasingly criticized for being too expensive and, even worse, no longer as effective...
National Foods has made its first ever issuance of 80,000 shares with a par value of $3 at $15 each. Its book value of net equity is $3,860,000. What is the retained earnings?
Roast House Coffee Importers sold 10 comma 000 units in October at a sales price of $ 5 per unit. The variable cost is $ 3 per unit. The monthly fixed costs are $ 15 comma 800. What is the operating...
Jenny's Novelties sells souvenir key chains at the local airport. JN sells these key chains at $12 each. The Variable Cost per chain is $8 and the Total Fixed Costs for teh year amounts to $13,000....
Kevin is 25 years old and just finished taking a Personal Finance class. He wants to start a investment plan with a goal of reaching $1,000,000 by the time he is 55 years old. He decides to invest in...
You deposit $400 each month into an account earning 8% interest compounded monthly. a) How much will you have in the account in 35 years? $ b) How much total money will you put into the account? $ c)...
How can treating food with ionizing radiation help keep it from spoiling? UV is not very penetrating. What else could be used?
Choose a company from the SEC EDGAR Web site for your Key Assignment to evaluate for the impact of convergence to IFRS. Review the financial reports and notes of the company you have chosen from the...
Gardner was an armored car guard employed at will by Loomis. The company had a strict rule that required guards to stay with the armored car under any circumstances and that a violation of this rule...
Kobe Company has a factory machine with a book value of $90,000 and a remaining useful life of 5 years. It can be sold for $30,000. A new machine is available at a cost of $300,000. This machine will...
Kobe Company has a factory machine with a book value of $90,000 and a remaining useful life of 5 years. It can be sold for $30,000. A new machine is available at a cost of $300,000. This machine will...
Kobe Company has a factory machine with a book value of $90,000 and a remaining useful life of 5 years. It can be sold for $30,000. A new machine is available at a cost of $300,000. This machine will...
Image transcription text Introduction: The Smart Parking Management System (SPMS) project aimed to develop an efficient, automated solution for managing parking spaces in urban areas using Arduino...
A. Can we use human capital theory to explain "Age-Discrimination"? If so, how? B. Why do some firms prefer to hire younger workers, especially for entry level positions? C. Why do some firms...
Image transcription text Question 6 Not yet answered Marked out of 1.00 '1" Flag question During a mountain?biking tripr Bill and Barry are discussing the merits of having the springs and shocks used...

Green Communication And Networking First International Conference Greenets 2011 Colmar France October 5 7 2011 Revised Selected Papers 2012th Edition - ISBN: 3642333672 - Free Book

Study smarter with the SolutionInn App