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The percent a company adds to its cost of sales to

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Reference no: EM13614507

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

1. What is Tootsie Roll's percent of the cost of sales to sales? Round to one decimal place.

2. The percent a company adds to its cost of sales to determineselling price is called a markup. What is Tootsie Roll'smarkup percent? Round to one decimal place.

3. What is the percentage of net income to sales for tootsieRoll? Round to one decimal place.

Reference no: EM13614507

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