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    Summary/conclusion/recommendation the company financial

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    Hershey Liquid 2008:
    current ratio = current assets/current liability = 1,344,945 /1270212 = 1.0588
    Quick ratio = (Current assets - inventory)/Current liability = (1,344,945 - 592,530)/1270212 = 0.592
    Hershey Liquid 2009:
    current ratio = current assets/current liability = 1,385,434 / 910,628 = 1.521
    Quick ratio = (Current assets - inventory)/Current liability = (1,385,434 - 519,712 )/ 910,628 = 0.951
    Tootsie Roll Liquid 2008:
    current ratio = current assets/current liability = 187,979 / 59,252 = 3.173
    Quick ratio = (Current assets - inventory)/Current liability = (187979 - 55,584) / 59,252 = 2.234
    Tootsie Roll Liquid 2009:
    current ratio = current assets/current liability = 211878/56066 = 3.779
    Quick ratio = (Current assets - inventory)/Current liability = (211878 - 56387)/56066 = 2.773

    Hershey Asset Management 2008:
    Total Asset Turnover = Sales/Total Asset = 5,132,768 / 3,634,719 = 1.412
    Account Receivable Turnover = Credit Sales/Account Receivable = 5,132,768 / 526,056 = 9.757
    ACP(Average Collection Period = 365/ Account Receivable Turnover = 365/ 9.757 = 37.4
    Hershey Asset Management 2009:
    Total Asset Turnover = sales/Total Asset = 5,298,668/3,675,031 = 1.441
    Account Receivable Turnover = Credit Sales/Account Receivable = 5,298,668/ 450,258 = 11.768
    ACP(Average Collection Period) = 365/ Account Receivable Turnover = 365/ 11.768 = 31.01

    Tootsie Roll Asset Management 2008:
    Total Asset Turnover = Sales/Total Asset = 496,016 /812,092 = 0.611
    Account Receivable Turnover = Credit Sales/Account Receivable = 496,016/34,196 = 14.505
    ACP(Average Collection Period = 365/ Account Receivable Turnover = 365/ 14.595 = 25.008
    Tootsie Roll asset Management 2009:
    Total Asset Turnover = Sales/Total Asset = 499,331/838,247 = 0.596
    Account Receivable Turnover = Credit Sales/Account Receivable = 499,331/47276 = 10.562
    ACP(Average Collection Period = 365/ Account Receivable Turnover = = 365/ 10.562= 34.557

    Hershey debt ratio 2008:
    Debt ratio = total debt/total asset = 3,316,520 /3,634,719 = 0.912
    Times interest earned = EBIT/ Interest expense = 591700/99,678 = 5.936
    Hershey Debt ratio 2009:
    Debt Ratio = Total Debt/ Total Asset = 910,628/3,675,031 = 0.248
    Times interest earned = EBIT/ Interest expense = 761.6/90.5 = 8.415
    Tootsi Roll Debt ratio 2008:
    Debt Ratio = Total Debt/ Total Asset = 177,322/812,092 = 0.218
    Times interest earned = EBIT/ Interest = 5,6287/378 =148.907
    Tootsie Roll Debt ratio 2009:
    Debt Ratio = Total Debt/ Total Asset = 183,108 / 838,247 = 0.218
    Times interest earned = =EBIT/ Interest = 64,179 / 243 = 264.1

    Hershey Profitability 2008:
    Net profit Margin = net income /sales = 311,405/5,132,768 = 0.061
    Return on assets (ROA) = Net income /total assets = 311,405/3,634,719 = 0.086
    Return on equity(ROE) = net income / equity = 311,405/318,199 = 0.979
    Extended Du Pont equation
    ROI = (net income/sales) * (sales/total assets) = 311,405/ 3,634,719 = 0.086
    Return on assets * financial leverage = return on equity
    ROE = (net income/total assets) * (total assets/equity) = 311,405/318,199 = 0.979
    Hershey Profitability 2009:
    Net profit Margin = net income / sales = 435,994/5,298,668 = 0.082
    Return on assets (ROA) = Net income / total assets = 435,994/3,675,031 = 0.119
    Return on equity (ROE) = net income / equity = 435,994/720,459 = 0.605
    Extended Du Pont equation
    ROI = (net income/sales) * (sales/total assets) = 435,994/3,675,031 = 0.119
    Return on assets * financial leverage = return on equity
    ROE = (net income/total assets) * (total assets/equity) = 435,994/720,459 = 0.605

    Tootsi Roll Profitability 2008:
    Net profit Margin = net income /sales = 38,777/496,016 = 0.078
    Return on assets (ROA) = Net income /total assets = 38,777/812,092 = 0.048
    Return on equity(ROE) = net income / equity = 38,777/634,770 = 0.061
    Extended Du Pont equation
    ROI = (net income/sales) * (sales/total assets) = 38,777/812,092 = 0.048
    Return on assets * financial leverage = return on equity
    ROE = (net income/total assets) * (total assets/equity) = 38,777/634,770 = 0.061
    Tootsi Roll Profitability 2009:
    Net profit Margin = net income / sales = 53,878/499,331 = 0.108
    Return on assets (ROA) = Net income / total assets = 53,878/838247 = 0.064
    Return on equity (ROE) = net income / equity = 53,878/655,139 = 0.082
    Extended Du Pont equation
    ROI = (net income/sales) * (sales/total assets) = 53,878/838247 = 0.064
    Return on assets * financial leverage = return on equity
    ROE = (net income/total assets) * (total assets/equity) = 53,878/655,139 = 0.082

    Hershey Market value ratios 2008
    Market Price of common stock at year-end 2008 = 34.74
    2008 Earning per share = 1.36
    PE(price/earning) = Market price per share/earning per share = 34.74/1.36 = 21.31
    Book value per share = stockholder's equity/# of share outstanding = 318,199/227,035 =1.401
    Market to book ratio = Market price per share/book value per share = 34.74/1.401= 24.8
    Hershey Market value ratios 2009
    Market Price of common stock at year-end 2009 = 35.79
    2009 Earning per share = 1.90
    PE(price/earning) = Market price per share/earning per share = 35.79/1.90 = 18.83
    Book value per share = stockholder's equity/# of share outstanding = 720,459/227,998 = 3.156
    Market to book ratio = Market price per share/book value per share = 35.79/3.156 = 11.340
    Tootsie Roll Market value ratios 2008
    Market Price of common stock at year-end 2008 = 24
    2008 Earning per share = 0.68
    PE(price/earning) = Market price per share/earning per share = 24/0.68 = 35.29
    Book value per share = stockholder's equity/# of share outstanding = 634,770/56,799 = 11.17
    Market to book ratio = Market price per share/book value per share = 24/11.17 = 2.05
    Tootsie Roll Market value ratios 2009
    Market Price of common stock at year-end 2009 = 23.5
    2009 Earning per share =0 .95
    PE(price/earning) = Market price per share/earning per share = 23.5/0.95 = 24.73
    Book value per share = stockholder's equity/# of share outstanding = 652485/ 56072 = 11.64
    Market to book ratio = Market price per share/book value per share = 23.5/11.64 = 2.02
    Summary and Conclusion of Liquidity, Asset Management, Debt Management, Profitability, and Market value ratios. Also recommend which company is better to invest.

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    Summary and Conclusion - Profitability

    Tootsie's Net margin and return on equity is better than Hershey in 2009. Hershey's Return on Assets ratio is better. This means that Tootsie is more efficiency in terms of profitability than Hershey.
    Asset and Management Ratios
    Hershey's Asset management ...

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