Tootsie Roll vs. Hershey: Tootsie Roll Industries, Inc. started in 1896, when Austrian Leo Hirshfield created an individually wrapped oblong piece of chewy chocolate candy. This oblong piece of chocolate candy that was named after his daughter quickly became a customer favorite. Since then Tootsie Roll Industries has manufactured and sold some of the world’s most popular confectionary brands of candy, chocolate and bubble gum. Some of the popular products that Tootsie Roll Industries sell around the world include, Tootsie Rolls, Tootsie Pops, Andes Mints, Double Bubble, Dots and many more. Hershey, a long time competitor of Tootsie Roll Industries, Inc was also started back in the late 1800’s by a man from rural Pennsylvania named Milton Hershey.
Debt to assets ratio $1,202,134 (total debt) / $1,404,726 (total assets) = 87.4% B.) ROA is a measure of profitability or effectiveness of resource usage calculated by expressing a company’s net income as a percentage of total assets. As for Sepracor, its ROA is 4.5%. This means that Sepracor created 4.5 cents of earnings from each dollar of assets. The ROE for Sepracor is 33.07%, which means that 33.07 cents of assets are created for each dollar that was originally invested.
Husky used annual observations from 20 prior years to estimate each of the four equations. Following are a definition of the variables used in the four equations and a statistical summary of these equations: St = Forecasted sales in dollars for Lockit in period t St–1 = Actual sales in dollars for Lockit in period t – 1 Gt = Forecasted U.S. gross domestic product in period t Gt–1 = Actual U.S. gross domestic product in period t – 1 Nt–1 = Lockit’s net income in period t – 1 Required: 1. Write Equations 2 and 4 in the form Y = a + bx. 2. If actual sales are $1,500,000 in 2009, what would be the forecasted sales for Lockit in 2010?
The total of the above vales gives us the total capital of the company $309.132 million + $2,975 million = $3,284. 132 million Wdebt = debt/ (debt + equity) = $309,132 million/$3,284. 132 million= 0.094 (9.4%) Wequity= equity/ (debt + equity) = $2,975 million/$3,284. 132 million= 0.906 (90.6%) QUESTION 2: What is WB’s before-tax cost of long-term debt? Firm has only two long term debt, which are specifically the two bonds issued.
Our Total Current Liabilities are as follows: Accounts Payable 96,500 Sales Tax Payable 3,950 Payroll Tax Payable 15,840 and our Total Long Term Liabilities are the following: Long Term Notes Payable 630,000 Therefore, the Total Liabilities we have is $ $746,290 and our Total Assets is $2,675,250. 746,290 / 2,675,250 = 0.27 or 27%. The Acid Test Ratio or Quick Ratio for the company is computed as follows: Cash $1,430,000 Accounts Receivable $86,000 Short Term Investment $0 = $1,516,000 Current Liabilities $116,290 $1,516,000/$116,290 = 13.036 or 13.07 With this result, our financial statement is showing that our company can immediately convert a portion of our assets into cash to pay our short term debts. The Inventory Turnover of the company is computed as follows: Cost of Goods Sold $8,474,831 Less: Ending Inventory $429,090 $8,474,831/$429,090 = 19.75 or 19.8 times The Receivables Turnovers of the company is computed as follows: Total Net Sales $10,796,200 Accounts Receivable $86,000 $10,796,200/$86,000 = 125.5 times MY SHARE OF THE MEMO This memo is to discuss the liquidity ratio that was performed recently in regards to Kudler Fine Foods. The liquidity ratio that was performed indicated that the amount of the company’s
Question: : (TCO D) On December 31, 2010, Irey Co. has $2,000,000 of short-term notes payable due on February 14, 2011. On January 10, 2011, Irey arranged a line of credit with County Bank which allows Irey to borrow up to $1,700,000 at one percent above the prime rate for three years. On February 2, 2011, Irey borrowed $1,700,000 from County Bank and used $300,000 additional cash to liquidate $1,700,000 of the short-term notes payable. The amount of the short-term notes payable that should be reported as current liabilities on the December 31, 2010 balance sheet which is issued on March 5, 2011 is 9. Question: : (TCO D) Tender Foot Inc. is involved in litigation regarding a faulty product sold in a prior year.
America only consumes ½ of this. External Threats • Competition gaining access to chocolate market • Unlike its competitors, such as Hersheys, Mars has a lack of “Creation and production of new candy bars” • Hershey continues to lead US in production and consumption of chocolate • Product innovations of other brands continue to gain market share over Mars Mars Parent Company Mars Category Chocolate Sector Food Products Tagline/ Slogan Work, rest and play USP MARS bar is one of the confectionery industry's greatest success stories STP Segment People looking to have high quality premium
The business was run by Birmingham and then the Americans took over the business. Cadbury was the best chocolate factory, which created delicious chocolates like Dairy Milk, Cadburys cream egg, dairy milk bubbly and Crunchie. Cadbury world is growing because it is in the tertiary sector and they offer chocolates and a lot of people enjoy eating chocolates. Car manufacturers in the West Midlands have shown a significant fall in vehicle sales last year. Throughout 2008 Aston Martin's sales fell by 28% while Land Rover sales were down by 30%.
To this point "chocolate" as we spell it today, had been spelled variously as "chocalatall, "jocolatte", "jacolatte", and "chockelet.11 In 1847, Fry & Sons in England introduced the first "eating chocolate," but did not attract much attention due to its bitter taste. In 1874, Daniel Peter, a famed Swiss chocolateer, experimented with various mixtures in an effort to balance chocolates rough flavor, and eventually stumbled upon that abundant product -- milk. This changed everything and chocolate's acceptance after that was quick and enthusiastic. GROWING COCOA BEANS Cocoa beans are usually grown on small plantations in suitable land areas 20 degrees north or south of the Equator. One mature cocoa tree can be expected to yield about five pounds of chocolate per year.
The market for specific brands of chocolate bar has transformed in recent years. Mars (2012) stated an expansion of the self-proclaimed “count-line bar” (formed comparable to a Mars bars) suited nothing special as individuals eaten chocolate on the get-up-and-go by means of contrasting to deskbound in a flat with an old-style bar of chocolate. Businesses had to answer to these variations. Newspaper (2005) stated that Rown tree (currently retained by Nestle) new appearance of the aero bar in addition to Vora (2007) stated that Cadbury brought out an opposing bar known as Wispa. Equally these were aimed to feat this climbing