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

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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

(c) Profit margin on sales

Reference no: EM13827255

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