Tootsie Roll Corporation
The financial ratio analysis provides a financial picture of a company that serves as a useful tool for investors, management and creditors. Management uses the financial ratios to improve a company's operating efficiency and achieving future growth. More importantly, investors and creditors use the financial ratios to evaluate financial health of a company. This report evaluates the financial ratio of Tootsie Roll using the company last quarter financial statements of 2013 to measure the company's profitability and liquidity. Since Tootsie Roll focuses on the manufacturing and sales of the confectionary product, the report bases the company performance on liquidity and profitability. The paper calculates the ratios from the company's balance sheet and income statements.
Objective of this report is to conduct a comparative ratio analysis of the Tootsie Roll to measure the company profitability and liquidity. The report uses the company last quarter financial statements of 2013 for the analysis.
Company Overview
Tootsie Roll Industries, Inc. is a multinational company that specializes in the manufacture and sales of the confectionary products. The company markets its products using variety of packages suitable for sale and display. The company also displays majority of its product under the trademarks such as TOOTSIE ROLL POPS, TOOTSIE ROLL, CARAMEL APPLE POPS, and other trademarks. The principal markets for the company are in the United States, Canada, and Mexico. (Security Exchange Commission, 2013).
Comparative Ratio Analysis of Tootsie Roll
Liquidity
'Liquidity ratios...
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