(Answered)-What are the balances of net property, plant, and equipment at - (2025 Updated Original AI-Free Solution

Question

1. What are the balances of net property, plant, and equipment at the company's year-end for the three most recent years you are researching? 2012, 2013, and 2014
2. Referring to the notes to the financial statements, what depreciation methods did the company use?
3. What method does Tootsie Roll use to value its inventory?
4. What is the amount of the receivables Tootsie Roll expects to collect (this is termed the net realizable value)?
5. Calculate the fixed asset turnover, the accounts receivable turnover, and the inventory turnover. The formula for fixed asset turnover is Net income divided by net fixed assets. Explain each turnover.