Find the percentage of net income to sales for tootsieroll

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Reference no: EM13257735

The following data (in thousands of dollars) were adapted fromthe December 31, 2006, financial statements of Tootsie RollIndustries Inc.:

Sales $495,990

Cost of goodssold 310,507

Netincome 65,919

What is Tootsie Roll's percent of the cost of salesto sales? Round to one decimal place.
The percent a company adds to its cost of sales to determine selling price is called a markup. What is Tootsie Roll'smarkup percent? Round to one decimal place.
What is the percentage of net income to sales for tootsieRoll? Round to one decimal place.

Reference no: EM13257735

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