...comparing Hershey’s and Tootsie Rolls Company with respect to Liquidity, Solvency and profitability, we will use data from the financial statements of both the company of the year end December 31st 2008. Among all the three ratios provided in the data sheet i.e. Liquidity, Solvency and Profitability, to invest in a company I will choose to see the profitability ratio of a company. According to 2008 financial statements of both the company and looking at the ratios I will choose Tootsie Rolls Corporation. I will invest in Tootsie Rolls Corporation I would like to answer the question, why did I select Tootsie Rolls Corporation and not Hershey Corporation. As you know and I know Hershey is a big company and over the year this company has proven its investors and creditors that its one of the big companies all over the world. Big don’t means better? Even a medium size company like Tootsie Rolls generate a good amount of money not in million but in thousands. So what it has a good return ratio? Yes. Liquidity Ratio Analysis: - What does Liquidity Ratios mean? A class of financial metrics that is used to determine a company's ability to pay off its short-terms debts obligations. Generally, the higher the value of the ratio, the larger the margin of safety that the company possesses to cover short-term debts. Comparing Tootsie Rolls and Hershey Corporation for the year end December 31st 2008. Looking at the Current Ratio of both the companies Tootsie Rolls has about 3...
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...Tootsie Roll Industries, Inc. and its subsidiaries manufacture and sell confectionery products in the United States, Canada, and Mexico. It sells its products under various names. The company markets its products to wholesale distributors of candy and groceries, supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, warehouse and membership club stores, vending machine operators, and the U. S. military and fund-raising charitable organizations. Tootsie Roll Industries was founded in 1896 and is based in Chicago, Illinois. The Hershey Company, together with its subsidiaries, engages in manufacturing, marketing, selling, and distributing various chocolate and confectionery products, pantry items, and gum and mint refreshment products worldwide. It offers various chocolate and confectionery products as well as various snack products, a line of refreshment products, such as mints, chewing gum, and bubble gum, and a line of pantry items. It sells its products through sales representatives and food brokers, primarily to wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, department stores, and natural food stores. The company was founded in 1893 and is based in Hershey, Pennsylvania. Tootsie Roll Industries Ratios Hershey Foods Corporation Ratios Interpretation and Comparison between the...
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...Tootsie Roll Vs Hershey The purpose of this financial analysis is to compare Tootsie Roll and Hershey Inc to the industry average financial ratios to determine which company will be the best investment opportunity. This analysis will evaluate and compare the company’s liquidity, solvency and profitability ratios from 2004. Tootsie Roll, Inc. and Hershey Inc are both companies well known for the selling of confectionary goods. Hershey is publicly traded under NYSE: HSY, Tootsie Roll under NYSE: TR. Both are listed under SIC 2064, Candy and other Confectionary products. • Liquidity Liquidity ratios measure the short-term ability a company to pay its obligations and meet unexpected needs of cash. These numbers can be found by analyzing the company’s balance sheet. The company that closely matches or exceeds the industry averages in liquidity is Tootsie Roll. Tootsie Roll’s current ratio of 2.34 exceeds that of the industries 1.29. They also have a lower cash to debt ratio 1.05 (2.37 industry, days in inventory 63.98 (industry 72.7) and a quicker inventory turnover 5.7 (industry 6.05). The only ratio were Hershey exceeds Tootsie Roll is receivables turnover ratio. Hershey collects more of its receivables but Tootsie Roll collects faster. Tootsie Roll is better suited to collect cash quickly to pay its obligations and meet unexpected cash needs. • Solvency Solvency ratios measure a company’s ability to last over an extended period of time, or how a...
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...layoffs, employee hiring. There are three types of ratios that are commonly used to make sound decisions. The three ratios are liquidity ratios, solvency ratios, and profitability ratios. Liquidity ratios “measure the short-term ability of the company to pay its maturing obligations and meet unexpected needs for cash” (Kimmel, Weygandt, & Kieso, 2009, p. 673). The liquidity of Tootsie Roll Industries has a positive amount of working capital and a favoring current ratio in both 2006 and 2007. The Tootsie Roll Company has the ability to pay off its liabilities. When a manager views the liquidity of the Tootsie Roll Company, the current ratio shows that for every dollar of liabilities in 2007, there was $3.45 worth of current assets. Liquidity 2007 2006 2005 Working Capital $141754 $128706 NA Current ratio 3.45 3.07 NA Current cash debt coverage 1.50 0.93 1.37 Chapter 13 states, “Profitability ratios measure the income or operating success of a company for a given period of time” (Kimmel, Weygandt, & Kieso, 2009, p.674). Profitability for Tootsie Roll Industries has declined from 2005 to 2007. The profit margin...
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...Negotiation Management 1. How does Tootsie Roll Industries communicate its values to suppliers and employees? Tootsie Roll Industries is able to communicate its values to suppliers and its employees by using an open system of communication. Employees are able to confront and resolve conflict in an open manner and negotiations are encouraged. Employees also have the ability to cross train and sit in on other departments meeting which allows them the opportunity to see how other areas operate and voice any opinions or suggestions they may have. Allowing this open behavior allows the employees to see the whole picture of how the company operates. Many times departments can suffer because they are only thinking about their own tasks and how the big picture operates together. Each factor can affect each area of the business; like a chain reaction of events, one mistake can lead to many consequences. By creating the housing structures and opening additional jobs for the Chicago area, the company has demonstrated that it supports the middle class population. With creating these opportunities for the employees, it can lead to individuals having their survival needs met and are much more likely to stay loyal to the company for a longer period of time. 2. What communication techniques demonstrate the company’s flexibility? The openness of the company’s atmosphere could also demonstrate their flexibility. Being able to cross train can also lead to promotions down the line because you...
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...SENTENCE ERRORS FRAGMENT -does not express a complete thought -may contain a subject and a verb but is not an independent thought -to correct fragments, add words or connect the fragment to the sentence from which it is disconnected Example: B.B. King and Morgan Freeman know a lot about cotton fields. Both having grown up in the Mississippi Delta region. B.B. King from Indianola, Mississippi, and Morgan Freeman from Clarksdale, Mississippi. *The underlined portions are fragments. Correct: B.B. King and Morgan Freeman know a lot about cotton fields, both having grown up in the Mississippi Delta region. B.B. King is from Indianola, Mississippi, and Morgan Freeman is from Clarksdale, Mississippi. RUN-ON SENTENCES A run-on is a sentence error caused by running one sentence into another, without putting any punctuation in between. Example: We all like grammar we all love this class. How to correct run-on sentences: • Separate them with a period, creating two complete sentences. Example: We all like grammar. We all love this class. • Link them with a semicolon; this creates two complete sentences just as a period does, but the second sentence doesn’t start with a capital letter. Example: We like grammar ; we love this class. • End the first sentence with a semicolon and begin the second with a conjunctive adverb or transitional. Example: We like grammar ; therefore, we love this class. •...
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...and a statement of JUST FOOLING AROUND? Few people could have predicted how dramatically the Internet would change the investment world. One of the most interesting results is how it has changed the way ordinary people invest their savings. More and more people are spurning investment professionals and instead are striking out on their own, making their own investment decisions. Two early pioneers in providing investment information to the masses were Tom and David Gardner, brothers who created an online investor bulletin board called the Motley Fool. The name comes from Shakespeare’s As You Like It. The fool in Shakespeare’s plays was the only one who could speak unpleasant truths to kings and queens without being killed. Tom and David view themselves as 20th-century “fools,” revealing the “truths” of Wall Street to the small investor, who they feel has been taken advantage of by Wall Street insiders. Their online bulletin board enables investors to...
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... c02AFurtherLookatFinancialStatements.qxd 7/27/10 9:39 AM Page 47 feature story Few people could have predicted how dramatically the Internet would change the investment world. One of the most interesting results is how it has changed the way ordinary people invest their savings. More and more people are striking out on their own, making their own investment decisions. Two early pioneers in providing investment information to the masses were Tom and David Gardner, brothers who created an online investor bulletin board called The Motley Fool. The name comes from Shakespeare’s As You Like It. The fool in Shakespeare’s plays was the only one who could speak unpleasant truths to kings and queens without being killed. Tom and David view themselves as 21stcentury “fools,”...
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...STR 581 WEEK 6 LEARNING TEAM PROJECT SELECTION - NEW IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/STR-581-Week-6-Learning-Team-Project-Selection-NEW-5609666666.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Resources: Strategic Plan and Presentation assignment from each team member Review all team members' Week 6 assignments. Discuss each project's strengths and weaknesses. Write an analysis of at least 750 words including the following: • Comparative analysis of the top 2 strategic plans • Selection of one of the strategic plans • Justification for the team's selection Click the Assignment Files tab to submit your assignment. ***************************************************************** STR 581 WEEK 6 INDIVIDUAL STRATEGIC PLAN AND PRESENTATION - NEW IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/STR-581-Week-6-Individual-Strategic-Plan-and-Presentation-NEW-6565095.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Resource: Implementation, Strategic Controls, and Contingency Plans assignment with facilitator feedback Complete a strategic plan for your organization of no more than 3,500 words. Update your plan to incorporate facilitator feedback from the drafts you submitted in previous weeks. Include the following: • Table of contents • Executive...
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...Accrual Accounting Concepts The Navigator • Scan Study Objectives • Read Feature Story • Read Preview • Read text and answer Before You Go On p. 169 p. 174 p. 183 • Work Using the Decision Toolkit • Review Summary of Study Objectives • Work Demonstration Problem • Answer Self-Study Questions • Complete Assignments Feature Story What Was Your Profit? The accuracy of the financial reporting system depends on answers to a few fundamental questions. At what point has revenue been earned? At what point is the earnings process complete? When have expenses really been incurred? During the 1990s' boom in the stock prices of dot-com companies, many dot-com companies earned most of their revenue from selling advertising space on their Web sites. To boost reported revenue, some dot-coms began swapping web-site ad space. Company A would put an ad for its website on company B's website, and company B would put an ad for its website on company A's website. No money ever changed hands, but each company recorded revenue (for the value of the space that it gave up on its site). This practice did little to boost net income and resulted in no additional cash flow—but it did boost reported revenue. Regulators eventually put an end to the practice. Another type of transgression results from companies recording revenue or expenses in the wrong year. In fact, shifting revenues and expenses is one of the most common abuses of financial accounting. Xerox recently...
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...Written By | Greg Stine The Nine Principles of Branding Supplemental Information for the Branding Essentials Workshop 2 4 6 9 12 14 16 18 20 23 26 29 32 Branding at a Glance Branding: What Is All This About, Anyway? Branding Principle #1: Keep It Simple Branding Principle #2: Mass-Produced Word of Mouth (PR) Builds Brands Branding Principle #3: Focused Brands are More Powerful Branding Principle #4: Differentiation is Key Branding Principle #5: The First Brand Advantage Branding Principle #6: Avoid Sub-brands at All Cost Branding Principle #7: Perception vs. Quality Branding Principle #8: Be Consistent and Patient Branding Principle #9: Write Out Your Brand Definition Discovering More Than Just Your Brand About the Author Table of Contents 2 Branding at a Glance By Greg Stine President of Polaris, Inc. The success of a product, service, individual, business, organization, or even a city is based on being perceived as unique. Look at any market leader and you’ll find they each own a place in the consumer’s mind. They have positively differentiated themselves from the rest of the competition. Branding is creating that individual niche in the consumer’s psyche and owning it. More than just marketing, branding is the entire effect that creates a memorable identity. A successful branding program is also based on differentiating yourself as unique. Effective branding creates a perception that there is no other product, service...
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...CHAPTER 11 Reporting and Analyzing Stockholders’ Equity Study Objectives • • • • • • • • • Identify and discuss the major characteristics of a corporation. Understand the Components of Stockholders’ Equity. Record the issuance of common stock. Explain the accounting for the purchase of treasury stock. Differentiate preferred stock from common stock. Prepare the entries for cash dividends and understand the effect of stock dividends and stock splits. Identify the items that affect retained earnings. Prepare a comprehensive stockholders' equity section. Evaluate a corporation's dividend and earnings performance from a stockholder's perspective. Chapter Outline Study Objective 1 - Identify and Discuss the Major Characteristics of a Corporation 1. A corporation is a. a legal entity created by law b. a corporation has most of the rights and privileges of a person. c. Corporations may be classified in a variety of ways. Two common classifications are i. by purpose ii. by ownership. 1. Classification by ownership differentiates publicly held or privately held; a. A publicly held corporation is regularly traded on a national securities market and may have thousands of stockholders. b. A privately held corporation, often referred to as a closely held corporation, does not offer its stock for sale to the general public and may have only a few stockholders. 2. Distinguishing Corporations from proprietorships and partnerships. a. Separate legal existence: i. An entity separate and distinct...
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...no. 2-0018 Analog Devices, Incorporated: Microelectromechanical Systems (MEMS) From a conference room on the top floor of the four-story semiconductor manufacturing facility, Ray Stata briefly took in the view of the Massachusetts Institute of Technology (MIT) campus. In particular, he noticed the building under construction that would soon bear his name. Asked how this particular honor felt, Mr. Stata responded with a humble shrug. However, when asked about the Microelectromechanical Systems (MEMS) business, Mr. Stata was willing to show considerable pride. Mr. Stata was Chairman of Analog Devices, Incorporated (ADI), a company which he co-founded in 1965. MEMS was one division. He had invested a tremendous amount of personal attention and energy to the success of MEMS – and risked his reputation. In fact, without his vision and dedicated leadership, this ambitious, entrepreneurial effort would have collapsed under mounting losses several years earlier. During one three-year stretch, from 1997 to 2000, Mr. Stata had decided to simultaneously serve as Chairman of ADI and General Manager of the MEMS division in order to keep the venture alive. In 2002, Mr. Stata regarded the MEMS business as a jewel. With worldwide technical supremacy that had been built over fifteen years, the business was profitable, and the long-term growth prospects appeared tremendous. Still, he readily acknowledged that many of his colleagues disagreed with his assessment that the business was an unqualified...
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...no. 2-0018 Analog Devices, Incorporated: Microelectromechanical Systems (MEMS) From a conference room on the top floor of the four-story semiconductor manufacturing facility, Ray Stata briefly took in the view of the Massachusetts Institute of Technology (MIT) campus. In particular, he noticed the building under construction that would soon bear his name. Asked how this particular honor felt, Mr. Stata responded with a humble shrug. However, when asked about the Microelectromechanical Systems (MEMS) business, Mr. Stata was willing to show considerable pride. Mr. Stata was Chairman of Analog Devices, Incorporated (ADI), a company which he co-founded in 1965. MEMS was one division. He had invested a tremendous amount of personal attention and energy to the success of MEMS – and risked his reputation. In fact, without his vision and dedicated leadership, this ambitious, entrepreneurial effort would have collapsed under mounting losses several years earlier. During one three-year stretch, from 1997 to 2000, Mr. Stata had decided to simultaneously serve as Chairman of ADI and General Manager of the MEMS division in order to keep the venture alive. In 2002, Mr. Stata regarded the MEMS business as a jewel. With worldwide technical supremacy that had been built over fifteen years, the business was profitable, and the long-term growth prospects appeared tremendous. Still, he readily acknowledged that many of his colleagues disagreed with his assessment that the business was an unqualified...
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...Table of Contents Executive Summary x Company Description x Strategic Focus and Plan x Mission/Vision x Goals x Core competency and Sustainable Competitive Advantage x Situation Analysis x SWOT Analysis x Industry Analysis x Competitor Analysis x Company Analysis x Customer Analysis x Market-Product Focus x Marketing and Product Objectives x Target Markets x Points of Difference x Positioning x Marketing Program x Product Strategy x Price Strategy x Promotion Strategy x Place (Distribution) Strategy x Financial Data and Projections x Past Sales Revenue x Five-Year Projections x Organization x Implementation x Evaluation and Control x Appendix x References x Executive Summary The following consultancy report aims to provide an in-depth analysis of Bonbon Mania’s current situation and as a result a thorough recommendation to set Bonbon Mania on the path to augment brand identity and increase brand awareness. Given our strategic direction Bonbon Mania will be positioned as the leading provider of premium confectionaries for businesses and special event sectors. Product & Service Bonbon Mania offers a wide range of sweets and chocolates for businesses and individuals who wish to emphasize how special an occasion or event is. They offer unique gift packages that bring a touch of whimsy to any type of event. Additionally, they offer a personalized service consisting of presentation of candies that are displayed at events. Target...
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