Accounting project FINAL

Accounting project FINAL - Company Information for Tootsie...

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Company Information for Tootsie Roll Industries. Tootsie Roll Industries Tootsie Roll Industries, Inc. is America's favorite candy company, manufacturing and selling some of the world's most popular confectionary brands. Beginning in a modest New York candy store with the Tootsie Roll's introduction in 1896, the Chicago-based company has grown to become one of the country's largest candy companies, with operations throughout North America and with distribution channels in more than 75 countries. http://www.tootsie.com/about.php
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Company Information for Hershey Inc The Hershey Company http://www.thehersheycompany.com/about/history.asp The company we know today started life as a small subsidiary of Milton Hershey's Lancaster Caramel Company. Using chocolate- making equipment purchased at the 1893 Columbian Exposition in Chicago, the company produced baking chocolate, cocoa and sweet chocolate coatings for the parent company's caramels. Through unceasing technological modernization, strategically astute acquisitions and continued new product development, The Hershey Company has grown spectacularly. Today, The Hershey Company is a leading snack food company and the largest North American manufacturer of chocolate and non-chocolate confectionery products, as well as chocolate-related grocery products. Outside of the US and Canada, the company exports its products to over 90 countries worldwide.
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Financial Accounting Project (Part 1) Comparative ratio analysis Ratios Formula $0.94 $0.92 Current Ratio 3.45 0.88 34.23% 32.98% 10.48% 4.33% 5.40 5.31 67.59 68.74 Tootsie Roll Industries, Inc. Ratios The Hershey Company Ratios Interpretation and c Earnings per Share EPS = Net Earnings /Outstanding Shares Tootsie Roll industries which means per outst Hershey Company. Th few years in order to se CR = Current Assets / Current Liabilities Tootsie Roll extensivel This means they are m cash needs, bills and c Gross Profit Rate GPR = Gross Profit/Net Sales Tootsie has an industry the course text book, h profit rate is below indu Profit Margin Ratio PMR = Net Income/Revenue Tootsie roll has a highe company, however nei normal for this industry higher end of the indus Inventory Turnover Ratio ITR = Cost of Goods Sold/ Average Inventory Tootsie Roll Industries turn over than The Her inventory over slightly f Days in Inventory Days Inv. = 365 / Inventory Turnover Ratio The Hershey Company Tootsie Roll's goods. T
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comparison between the two companies ratios has a slightly higher earnings per share, tanding share they earn more than The ese values require to be computed over a ee a trend. ly more liquid than The Hershey Company.
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Accounting project FINAL - Company Information for Tootsie...

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