13-1 FINANCIAL REPORTING PROBLEM (a) TOOTSIE ROLL INDUSTRIES‚ INC. Trend Analysis of Net Sales and Net Earnings For the Five Years Ended 2001 Base Period 1997—($ in thousands) 2001 2000 1999 1998 1997 (1) Net sales Trend $423‚496 113% $427‚054 114% $396‚750 106% $388‚659 103% $375‚594 100% (2) Net earnings Trend 65‚687 108% 75‚737 125% 71‚310 118% 67‚526 111% 60‚682 100% This analysis of Tootsie
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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
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The company that I chose to analyze is Tootsie Roll. Throughout my life I have always had somewhat of a sweet tooth and have been very intrigued in the process of business. Now I have the opportunity to look further into such a great company such as Tootsie Roll and really find out how the business is run and what type of work is invested in such a well known business. The ticker symbol for the Tootsie Roll Company is quite simple by using just two letters‚ TR. With this symbol it is easy to find
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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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concessionaires‚ department stores‚ and natural food stores. The company was founded in 1894 and is based in Hershey‚ Pennsylvania. The Hershey Company went public on the New York Stock Exchange (NYSE) in 1922 (http://finance.yahoo.com/q/pr?s=HSY). Tootsie Roll Industries‚ Inc.‚ through its subsidiaries‚ engages in the manufacture and sale of confectionery products. The company sells its products under the registered trademarks. It distributes its products through candy and grocery brokers to wholesale distributors
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Financial Analysis: Hershey Corp. & Tootsie Roll Industries Financial Analysis: Hershey Corp. & Tootsie Roll Industries Hershey and Tootsie Roll are both companies in the confection industry. We compared both companies for the years 2004‚ 2005‚ and 2006 against each other and against the industry averages in order to make a decision about which company we would choose to invest in. The comparisons we used to make our decision were ratios for liquidity‚ solvency‚ and profitability. As a result
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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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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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Financial Statement Analysis Project--Hershey Corp. & Tootsie Roll Industries Liquidity Based on the ratio analysis performed‚ it appears that the Hershey Company’s liquidity is sufficient to meet cash needs and current obligations. The current ratio and current debt coverage ratios were decreasing from 2002 through 2004‚ which corresponds to an increase in short-term debt and a decrease in cash on the Company’s balance sheet over the same periods. Hershey attributes the increase in debt to
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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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