What is tootsie rolls percent of the cost of sales to sale, Accounting Basics

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What is tootsie rolls percent of the cost of sales to sale

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.

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Accounting Basics: What is tootsie rolls percent of the cost of sales to sale

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Accounting Basics: What is tootsie rolls percent of the cost of sales to sale

Reference No:- TGS0722017

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Recent Questions Asked Accounting Basics

Q : Estimate average reaction rate and reaction zone thickness

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is tootsie rolls percent of the cost of sales to sale

Reference No:- TGS0722017

Recent Questions Asked Accounting Basics

Q : Estimate average reaction rate and reaction zone thickness

Q : Find the elastic force exerted by the bungie cord

Q : Determine loss coefficient at standard atmospheric pressure

Q : What are the electric fields in all of space

Q : What is tootsie rolls percent of the cost of sales to sale

Q : Coefficient of linear expansion for brass

Q : What is the pump inlet condition for a rankine cycle

Q : Magnitude of the field at the center of the surface of disk

Q : Determine horsepower added to water by the pump

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