Asset turnover ratio-return on assets-profit margin on sales

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Reference no: EM13827255

The 2011 Annual Report of Tootsie Roll Industries contains the following information.

(in millions) Dec 31,2012 December 31, 2011

Total Assets 857.9 858

Total Liabilities 191.9 190.6

Net Sales 528.4 517.1

Net Income 43.9 53

Compute the following ratios for Tootsies Roll for 2011.

(a) Asset turnover ratio

(b) Return on assets

Reference no: EM13827255

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