Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Annual reports for two rivalry U.S. Public companies have selected two public companies from the chocolate industry, Tootsie Roll and Hershey.
Tootsie Roll was founded at the end of the 19th century by an Austrian emigre who started producing a chocolate, chewy candy named after his five- year- daughter. The company expanded and today it is one of the largest candy companies in the United States. Headquartered in Chicago, it has operations in Massachusetts, New York, Tennessee, Wisconsin and Mexico and total net sales at the end of 2002 of $393 million.
Hershey, on the other hand, is considered to be the leading North American manufacturer of chocolate, with brands such as Almond Joy and Mounds candy bars and Cadbury Creme Eggs or Hershey's Cookies 'n' Creme candy bars. Hershey's operations are divided into two main divisions: Hershey Chocolate North America and Hershey International. The former is the leading producer of chocolate products in North America, while the latter exports to over 90 countries worldwide.
In order to evaluate DuPont's ratio, we need to find the required indicators from the Financial Statements. In Hershey's case, these are as follows:
in thousands of dollars)
Net Income
Sales
Assets
Equity
As such, we are now able to compute DuPont's ratio for 2002 and 2001 and compare the ratios obtained.
In 2002, ROE = 29%, while in 2001, ROE = 18%.
As we know, the DuPont system basically shows how much of a dollar made from sales have increased...
As we can clearly see from the data here above, the Return On Equity indicator has increased by 11% from 2001 to 2002. If we closely examine the data, we will see that this increase is based mainly on the Net Income that has almost doubled during this period.
For Tootsie Roll, the necessary data is presented in the table below:
in thousands of dollars)
Net Income
Sales
Assets
Equity
In 2002, ROE = 12.6%, while in 2001, ROE = 12.9%.
If we look at these figures, we will see that the company has encountered a slight decrease in its Return On Equity indicator. However, this is not significant and does not affect the company's performance.
If we compare the two company's, we will notice that the 2001 ROE was only several percentages apart, which is quite a performance for Tootsie, given the fact that its net income and sales have been almost ten times smaller than Hershey's. However, in 2002, Hershey's ROE has increased at a higher pace that Tootsie's. It is interesting to note that Hershey has had an overall decrease in total sales from 2001 to 2002, while Tootsie's indicator has shown a steady increase.
In order to evaluate each company's short- term solvability, it is useful to have a look at the liquidity ratios, notably at the current ratio and the quick ratio. The table below presents the two ratios for both companies in 2001 and 2002.
Tootsie
Hershey
Current Ratio
Quick…
bibliography for the company's websites.
U.S. Automotive Industry Chosen industry: automotive industry is the focus of this analysis. More emphasizes are made on the large -- scale automobile manufacturers. This is because of the inherently interesting industry as a result it being competitive and projected to go through a major restructuring due to globalization in the near days to come. The issue of decreasing oil reserves is the other reason that is going to trigger this
U.S. economic downturn has made many states in the United States to implement strategies to boost economic developments of their respective states using different economic incentives to attract investors. Recognizing the needs to be competitive nationally and globally, New Jersey legislative house has sponsored the "New Jersey Economic Opportunity Act II of 2013" with the aim of fostering an economic development in the state. The goal of Economic Opportunity
Innovative Practices in Public School Education and Administration America has been one of the leading countries of prospects for disenfranchised individuals and, simultaneously, a country of the utmost economic stratification amid the comfort of the wealthiest and the miserable conditions of the poorest. However, the American public schools have been victim to a number of diseases that need to be rectified. A lot of educators in classrooms of the public schools
Boeing Company The Impact of Mission, Vision, and Primary Stakeholders on the overall success of the Boeing Company The Boeing Company is the world's largest aircraft manufacturing corporation. It designs, develops, manufactures, and sells commercial aircrafts, military aircrafts, missiles, electronic and defense systems, satellites, and highly advanced information and communication systems for airline companies, aerospace research institutes, defense organizations, and governmental bodies. The Boeing Company aims to become the leading player in
Publicly Traded Company Analysis One of the largest retailing companies in America, Target Corporation (known simply as Target) is a NYSE listed publicly traded entity. Currently, in terms of size, Target takes the number two slot after Wal-Mart. In this text, I come up with a concise analysis of the company with a special emphasis on its vision and mission, how it is impacted upon by Porter's five forces of competition,
(Horovitz) This is important, because it shows how the strategy that made the company successful in the past; would help contribute to the various issues that they were wrestling with. At which point, it would begin to have an impact upon how they were viewed by customers. When you put these different elements together, this shows how Domino's was facing severe challenges from rising costs and declining sales. This is