The financial statements of Tootsie Roll Industries are presented in Appendix A. | | | InstructionsAnswer the following questions. | (a) | What was the amount of net cash provided by operating activities for 2007? The amount of net cash provided by operating activities for 2007 was $ 90‚064‚000 For 2006? $ 55‚656‚000 What were some causes of any significant changes in cash from operations between 2006 and 2007? Include a change in Tootsie Roll’s account receivable and other receivables
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1. Strategy Assessment Tootsie Roll’s simple strategy is to be (and remain) a top-quality producer and distributor of Tootsie Rolls and other candy products‚ in an industry where it currently has 2 to 3 percent of market share. Specifically‚ the company has determined to specialize‚ almost entirely‚ in hard candies (such as Tootsie Pops and Blow Pops) and chewy candies (such as Tootsie Roll‚ Frooties and Flavor Roll)‚ and it currently maintains a 50 percent market share in this unique segment
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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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Tootsie Roll‚ Inc. Sharon Ungar Lane‚ Bentley College Alan N. Hoffman‚ Bentley College INTRODUCTION: “Tootsie Roll’s good fortunes are an accumulation of many small decisions that were probably made right plus bigger key decisions‚ such as acquisitions‚ that have been made right‚ and a lot of luck.” Mel Gordon‚ CEO – Tootsie Roll‚ 1993 Tootsie Roll Industries‚ Inc.‚ a niche candy maker‚ has often been voted one of Forbes magazine’s “200 Best Small Companies of America.” A top quality producer
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The Tootsie Roll Expansion Project; Growth to Solidify the Future ACC/561 September 26‚ 2011 Jared Jones The Tootsie Roll Expansion Project; Growth to Solidify the Future “Everyone loves the flavor of a tootsie pop” has been a popular phrase for years‚ a commercial jingle that reminds everyone of the wonderful taste‚ a memory from childhood that brings people from miles around to local candy stores seeking Tootsie rolls‚ whether it is a lollipop or a tootsie roll chocolate‚ everyone
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Toosie Roll Pop As I walk down the vast isle of candy my eyes run across something new and exciting. Soon as I layed my eyes on a yellow wrapper with brown writing representing a banana. My eyes began to shine bright like a diamonds‚ my soul did a little dance‚ see I am not a big fan of tootsie roll pops however I do fall head over heels in love with banana flavored candy. I pick up what I know will turnout to be my favorite banana candy of them all. I start to unwrap my tootsie pop and
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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 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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