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Category > Accounting Posted 01 Aug 2017 My Price 8.00

Tootsie Roll Industries, Inc.

BYP 9-1
FINANCIAL REPORTING PROBLEM: Tootsie Roll Industries, Inc. BYP9-1 Refer to the financial statements and the Notes to Consolidated Financial Statements of Tootsie Roll Industries in Appendix A.

 


Instructions:
Answer the following questions.

 

(a) What were the total cost and book value of property, plant, and equipment at December 31, 2009?

 

(b) What method or methods of depreciation are used by Tootsie Roll for financial reporting
purposes?

 

(c) What was the amount of depreciation and amortization expense for each of the 3 years
2007–2009? (Hint: Use the statement of cash flows.)

 

(d) Using the statement of cash flows, what are the amounts of property, plant, and equipment
purchased (capital expenditures) in 2009 and 2008?

 

(e) Explain how Tootsie Roll accounted for its intangible assets in 2009.

 

 


BYP 9-2
COMPARATIVE ANALYSIS PROBLEM: Tootsie Roll vs. Hershey BYP9-2 The financial statements of The Hershey Company are presented in Appendix B, following the financial statements for Tootsie Roll Industries in Appendix A.

 


Instructions:
(a) Based on the information in these financial statements and the accompanying notes and schedules, compute the following values for each company in 2009.

 

1) Return on assets ratio.

 

(2) Profit margin (use “Total Revenue”).

 

(3) Asset turnover ratio.

(b) What conclusions concerning the management of plant assets can be drawn from these data?

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Aug 2017 10:08 PM My Price 8.00

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