The 2017 Annual Report of Tootsie Roll Industries contains the following information. (in millions) December 31,...
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 |
? % |
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