Business, 12.02.2020 00:02, WowOK417

The 2017 Annual Report of Tootsie Roll Industries contains the following information.

(in millions)

December 31, 2017

December 31, 2016

Total assets

$930.9 $920.1
Total liabilities

197.1
208.6
Net sales

515.7
517.4
Net income

80.7 67.2

Compute the following ratios for Tootsie Roll for 2017.

(a)
Asset turnover (Round answer to 3 decimal places, e. g. 0.851 times.)

enter the asset turnover rounded to 4 decimal places

times
(b)
Return on assets (Round answer to 2 decimal places, e. g. 4.87%.)

enter the return on assets in percentages rounded to 2 decimal places

%
(c)
Profit margin on sales (Round answer to 2 decimal places, e. g. 4.87%.)

enter the profit margin on sales in percentages rounded to 3 decimal places

%

Answers: 2

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The 2017 Annual Report of Tootsie Roll Industries contains the following information.

(i...