Tootsie Roll Industries Inc. Loan Package Tootsie Roll Industries Inc. and its branches makes and sells candy including “Andes mints‚ Junior Mints‚ Charleston Chew‚ Mason Dots‚ Sugar Daddy‚ and the ever popular Tootsie Roll‚ which has been made from the same formula for over a 100 years” (Hoovers Academics‚ 2012) Tootsie Roll Industry’s customers include a wide variety of supermarkets‚ dollar stores‚ discount warehouse clubs‚ fund-raising charitable organizations‚ and the United States
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Tootsie Hersheys Earnings per share As given in the income statement $1.60 $1.97 Current ratio Current assets $211‚878 = 3.78 $1‚385‚434 = 1.52 Current liabilities $56‚066 $910‚628 Gross Profit Ratio Gross profit (Net sales - Cost of goods sold) $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
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FINANCIAL INFORMATION AND RATIOS COMPARASION. The Hershey Company and Tootsie Roll Industries are two main confectionery companies. Every year both Hershey and Tootsie compile their annual reports. These reports include a plethora of information in regards to assets‚ liabilities and stockholders’ equity‚ earnings‚ comprehensive earnings‚ retained earnings‚ cash flows‚ and so forth. To compare Hershey and Tootsie Roll on financial level‚ let’s look at both companies Liquidity‚ Solvency and Profitability
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|Tootsie roll‚ inc | |Tootsie Roll Company Analysis | |SWOT Analysis
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Tootsie Roll Industries Inc. Loan Request Patricia Duncan‚ Sean Duncan‚ Heidi Oppegard‚ and Michelle Rodriguez Accounting ACC/561 January 7‚ 2012 Jared Jones Tootsie Roll Industries Inc. Loan Request Tootsie Roll Industries is a confectionery products manufacturer that has been in business for 111 years. The company makes a variety of products including a) Tootsie Roll‚ b) Tootsie Roll Pops‚ c) Caramel Apple Pops‚ d) Charms‚ e) Blow
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Tootsie Roll 1. How does Tootsie Roll Industries (TRI) communicate its values to suppliers and employees? TRI uses a top-down method‚ which in some cases can alienate lower leveled employees. TRI has implemented a few different programs to encourage accessibility‚ teamwork‚ and open communication. The company’s “open door policy‚” allows for employees to observe and participate in the decision-making process throughout all departments. The company also established cross-functional teams
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Tootsie Roll Tootsie Roll The Tootsie Roll Industries Incorporated began in Chicago 117 years ago. The founder of the business was a gentleman named Leo Hirschfield. He began making and selling the Tootsie Roll. Today the famous product is still being made according to the original recipe and formula. However‚ since its inception‚ the business has become incorporated. The primary production and consumption areas include the United States‚ Canada
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I Introduction The Tootsie Roll Industries entered the candy industry in 1896 and since then the company has grown to be one of the best known and largest candy companies in the United States. Some of the most well-known products from Tootsie Roll Industries are Andes Mints‚ Charleston Chews‚ Junior Mints‚ and of course the Tootsie Roll. These products are sold in movie theaters‚ grocery stores‚ vending machines‚ dollar stores and gas stations1. The company is also one of the largest producers
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Comparative Analysis of The Hershey Company & Tootsie Roll Industries Tootsie Roll Industries Ratios The Hershey Company Ratios Interpretation and comparison between the two companies ratios Receivable Turnover Ratio 14.6 times 9.8 times Tootsie Roll has a higher Receivable Turnover Ratio which means that they have more cash on hand and are collecting on debts. Average Collection Period 25 37.24 Tootsie Roll is turning Accounts Recievable into cash 12 days faster than Hershey. Assets Turnover Ratio
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Tootsie Roll Industries Ratios (pg 732) The Hershey Company Ratio Interpretation and comparison between the two companies’ ratios Earnings per Share Current Ratio Hershey had net sales close to ten times those of (4‚946‚716 (51‚625 Earnings / Tootsie Roll‚ however their outstanding shares were Earnings / 492‚753 54‚296 Outstanding also an order of magnitude greater than those of Outstanding Shares) = $0.95 Tootsie Roll. Although earnings are greater for Shares) = $0.96 Hershey‚ the
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