Tootsie Roll Industries, Inc. has been engaged in the manufacture and sale of candy since 1896. Its products are sold under the familiar brand names Tootsie Roll, Tootsie Roll Pops, Charms, Blow Pops, Cella's, Mason Dots and Mason Crows. Tootsie Roll operates four plants in Illinois, New York, Tennessee and Mexico. Tootsie Roll is traded on the New York Stock Exchange and maintains its head office in Chicago, Illinois.
Tootsie Roll's financial statements for Year 5 and Year 6 are provided below.
Tootsie Roll Industries Inc.
Balance Sheet
As of December 31, Year 6 ($000s)

-Tootsie Roll Industries Inc.
Income Statement
As of December 31,Year 6 ($000s) 
Selected Financial Ratios
Referring to the financial statements for Tootsie Roll,what is the difference between the Industry and Tootsie for total asset turnover? (Tootsie - Industry)
A) -0.20
B) -0.25
C) -0.34
D) -0.38
E) -0.42
Correct Answer:
Verified
Q59: Molson Coors Inc.
Years 1 & 2 ($000's)
Q60: Molson Coors Inc.
Years 1 & 2 ($000's)
Q61: Tootsie Roll Industries, Inc. has been engaged
Q62: Tootsie Roll Industries, Inc. has been engaged
Q63: Tootsie Roll Industries, Inc. has been engaged
Q64: Tootsie Roll Industries, Inc. has been engaged
Q66: Tootsie Roll Industries, Inc. has been engaged
Q67: Years 1 & 2 ($000,000s)

Q68: All else held constant,an increase in leverage
Q69: Tootsie Roll Industries, Inc. has been engaged
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents