Tootsie roll has net income of 350 million compared to, Ask an Expert

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Tootsie Roll has net income of $350 million compared to Hershey's net income of $700 million. Tootsie has an ROA of 12% whereas Hershey's ROA is 10%. Based on this information, it is possible to conclude that:

a. Hershey has a higher rate of return on assets

b. Tootsie has a higher rate of return on assets

c. Hershey will have a higher ROE

d. Tootsie will have a higher ROE

e. Both b and d are correct responses

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M994324

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