The 2017 Annual Report of Tootsie Roll Industries contains the following information.

(in millions)

December 31, 2017

December 31, 2016

Total assets

$930.9 $920.1
Total liabilities

197.1
208.6
Net sales

515.7
517.4
Net income

80.7 67.2

Compute the following ratios for Tootsie Roll for 2017.

(a)
Asset turnover (Round answer to 3 decimal places, e. g. 0.851 times.)

enter the asset turnover rounded to 4 decimal places

times
(b)
Return on assets (Round answer to 2 decimal places, e. g. 4.87%.)

enter the return on assets in percentages rounded to 2 decimal places

%
(c)
Profit margin on sales (Round answer to 2 decimal places, e. g. 4.87%.)

enter the profit margin on sales in percentages rounded to 3 decimal places

%

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false

Greenway industries is a major multinational conglomerate. its business units compete in a range of industries, including home appliances, pharmaceuticals, commercial real estate, and plastics manufacturing. although its largest business unit, which produces kitchen appliances, is among the most profitable in the industry, it generates only 35 percent of the company's revenues. which of the following is most likely true of greenway's stock price? a. it is valued at less than the sum of its individual business units. b. it is valued at greater than the sum of individual business units. c. it is valued at the exact sum of individual business units. d. it is consistently lower than the industry average.it is valued at greater than the sum of individual business units.

At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)