Project_Template_Comparing_Tootsie_Roll_&_Hershey (1)

Project_Template_Comparing_Tootsie_Roll_&_Hershey...

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Complete your Title page on this tab. Please include your name, the course, the date, your instructor's name, and the title for the Project. Go to Doc Sharing for the detailed Course Project instructions and grading rubric.
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used for the Profiles on the Bibliography tab. Complete one paragraph profiling each company's business including information such as a brief history, where they are located, number of employees, the products they sell, etc. Please reference any websites you used Tootsie Roll Industries began in a small candy store in New York in 1896. Tootsie Roll is now headquartered in Chicago with operations throughout North America and with distribution channels in over 75 countries. According to Yahoo Finance, Tootsie Roll has 2,200 full-time employees. Tootsie Roll sells the following branded candy: Tootsie Roll, Tootsie Roll Pop, Charms Blow Pop, Mason Dots, Andes, Sugar Daddy, Charleston Chew, Double Bubble, Razzles, Caramel Apple Pop, and Junior Mints. Tootsie Roll had 2009 net product sales of $496 million. Hershey Company was founded by Milton S. Hershey in 1893 and is headquartered in Hershey, Pennsylvania. According to Yahoo Finance, Hershey had 12,100 full-time employees. Hershey is famous for the Hershey Bar, Hershey's Kisses, Hershey's Bliss, Reese's, Twizzlers, Almond Joy, Kit Kat, and Ice Breakers. Hershey had net product sales of $5.3 billion for 2009.
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Use this Excel spreadsheet to compute ratios; show your computations for all ratios on this tab and also include your commentary. The financial statements used to calculate these ratios are available in Appendix A and Appendix B of your textbook. Tootsie Hersheys Earnings per share As given in the income statement $0.95 Basic Common $1.97 Working capital Current assets minus current liabilities $155,812 $155,812 $474,806 $474,806 Current ratio Current assets $211,878 = 3.78 $1,385,434 = 1.52 Current liabilities $56,066 $910,628 Gross Profit Ratio Gross profit $176,947 = 35.7% $2,053,137 = 38.7% Net Sales $495,592 $5,298,668 Profit margin ratio Net Income $53,475 = 10.8% $435,994 = 8.2% Net Sales $495,592 $5,298,668 Inventory Turnover Cost of Goods Sold $318,645 5.7 $3,245,531 5.8 Average Inventory $55,986 times $556,121 times Days in Inventory 365 days 365 = 64 365 = 63 Inventory turnover 5.7 days 5.8 days Receivable Turnover Ratio Net credit sales $495,592 = 14.4 $5,298,668 = 12.2 Average Net Receivables $34,363 $432,772 Average Collection Period 365 365 = 25.3 365 = 29.8 Receivable Turnover Ratio 14.4 days 12.2 Assets Turnover Ratio Net Sales $495,592 = 0.60 $5,298,668 = 1.45 Average Total Assets $825,886 $3,654,875 Return on Assets Ratio Net Income $53,475 = 6.5% $435,994 = 11.9% Average Total Assets $825,886 $3,654,875
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This note was uploaded on 03/28/2012 for the course FI 504 FI 504 taught by Professor Howardfredericks during the Spring '11 term at Keller Graduate School of Management.

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Project_Template_Comparing_Tootsie_Roll_&_Hershey...

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