Tootsie Roll has net income of $350 million compared to Hershey's net income of $700 million. Tootsie has an ROA of 12% whereas Hershey's ROA is 10%. Based on this information, it is possible to conclude that:
a. Hershey has a higher rate of return on assets
b. Tootsie has a higher rate of return on assets
c. Hershey will have a higher ROE
d. Tootsie will have a higher ROE
e. Both b and d are correct responses
a. Hershey has a higher rate of return on assets
b. Tootsie has a higher rate of return on assets
c. Hershey will have a higher ROE
d. Tootsie will have a higher ROE
e. Both b and d are correct responses
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