Locate Tootsie Roll’s annual report at www.tootsie.com. Using the 2010 annual report:a. Prepare a common- size balance sheet and in-come statement.b. Compute the following financial...

Locate Tootsie Roll’s annual report at www.tootsie.com. Using the 2010 annual report:a. Prepare a common- size balance sheet and in-come statement.b. Compute the following financial ratios:Profitability• Gross margin percent• Return on sales• Return on assets• Return on equityEfficiency• Total asset turnover• Accounts receivable turnover• Accounts receivable days• Inventory turnover• Inventory days• Operating cycleLeverage• Debt to assets• Equity to assets• Debt to equity• Equity multiplierLiquidity• Current ratio• Acid test (quick) ratio• Net working capital Equity• Book value per share• Earnings per share• Price to earnings• Dividend payout ratio• Dividend yieldc. Prepare a memo to your professor discussing five key findings revealed by your analysis.View Solution:

Locate Tootsie Roll s annual report at www tootsie com Using the 2010