Tootsie Roll Industries Inc. Hope Benites, Daniel Hardesty, Derrick King, Muna Al Waidh ACC/561 June 25, 2012 Larry Key Tootsie Roll Industries Inc. Tootsie Roll Industries has been an American favorite for well over 100 years. “Beginning in a modest New York candy store with the Tootsie Roll's introduction in 1896, the Chicago-based company has grown to become one of the country’s largest candy
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In: Business and Management Tootsie Roll Tootsie Roll Industries The Hershey Company Interpretation and comparison between the two companies' ratios Ratios (pg 735) Ratio Receivable Turnover Ratio (Net Sales/(Average Accounts Receivable) $497,717/ (($32,371+$35,075)/ 2) = 14.76 $4,946,716/(($487,285+$522,673)/ 2) = 9.80 This ratio compares net sales divided by the average accounts reciavable. Tootsie Roll has far less sales but has to extend less credit on average to collect the full amount
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Tootsie Roll can make a major capital investment in new, energy efficient equipment. According to the tax assessor’s office, the average life of candy making machinery and equipment is fifteen years (Personal Property Manual, 2010). Taking a look at the depreciation taken by the company, it can be assumed that most of the equipment is much older than this. Energy is the biggest expense for a company outside of raw resources. As the price of energy increases, it becomes more important for a company
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Tootsie Roll Industry Financials Molly Matyka, Dalisa Santiago, Kevin Spalding, Denise Sudler, ACC/561 October 22, 2012 Karen Lascelle Loan Package for Tootsie Roll Industry In order to obtain a loan to help finance the Tootsie Roll Inc., whether it is through a banking institution or a private lender; a properly written loan package is needed to obtain the proper financing for the company’s future advancement. Each funding source is needed to be detailed to ensure the
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Tootsie Rolls are on a Roll Did you know Frank Sinatra loved Tootsie Rolls so much he was buried with them? These miracle working pieces of candy, Tootsie rolls, are lifesaving, non-perishables that give energy for anything, and that still taste good for the common population. Tootsie Rolls are great for many rolls. These candies have saved more lives than an average lifeguard. They might seem simple, but these chocolate caramel delights are something to
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Zarin Bushra Accounting 153 Term Paper I. Tootsie Roll Company Overview • Tootsie Roll is one of the largest candy companies within our country • Their confectionary products are distributed to over 75 countries worldwide • Their largest customer is Walmart; their market mainly consists of retailers and candy distributors • Tootsie Roll employs about 2,200 people II. Liquidity Ratios • Working Capital Year Tootsie Roll Hershey 2011 $153,846 $872,783 2010
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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
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Tootsie Roll Industries Loan Package ACC/561 December 16, 2012 Myrtle Clark Tootsie Roll Industries Loan Package “Tootsie Roll Industries has grown to become one of the country’s largest candy companies, with a lineup that includes some of the world’s most popular candy, chocolate, and bubble gum brands,” (Tootsie Roll Industries, 2012, p.1). Through the creation of the tootsie roll and other products, the Tootsie Roll Industry has maintained
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Hershey’s Company and Tootsie Roll Industries are both makers of confectionary products, mainly chocolate and other candies. Both companies have been making these products since the early to middle 1890’s and market their products worldwide. Hershey’s is the larger company of the two. To show perspective of how much larger Hershey’s is, they had a net sale of over 5 billion dollars in 2008. Tootsie Roll’s net sales in 2008 were $492 million. However, I will be looking at and comparing their financial
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taffy is very similar to the texture of the inner part of a tootsie pop. Both textures are described as creamy, sticky, and stretchy. As well as having texture in common, these sweet treats both come in various flavors. Some taffy and tootsie pop come in the same flavors. Some of these flavors include chocolate, cherry, caramel, and strawberry. The consumption method for eating taffy is not compatible with the method of a tootsie pop. A tootsie pop has a stick for the consumer to hold onto. Taffy must
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