Financial Statement Analysis for Tootsie Roll and Hershey Essay

The Hershey phoner engages in the manufacture, marketing, distribution, and sale of various types of chocolate and glass store, refreshment and snack products, and food and beverage enhancers in the United States and internationally. The Hershey community sells its products by means of sales representatives and food brokers, primarily to wholesale distributors, chain mart stores, dope merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, department stores, and natural food stores. The company was founded in 1894 and is based in Hershey, Pennsylvania.The Hershey Company went public on the New York Stock Exchange (NYSE) in 1922 (http//finance. yahoo. com/q/pr? s=HSY). Tootsie bowl Industries, Inc. , through its subsidiaries, engages in the manufacture and sale of confectionery products. The company sells its products under the registered trademarks. It distributes its products through sugarcoat and grocery br okers to wholesale distributors of candy and groceries, supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, warehouse and membership club stores, vending machine operators, the U.S. military, and fund-raising charitable organizations. Tootsie lace Industries operates in the United States, Canada, and Mexico. The company was founded in 1896 and is based in Chicago, Illinois. The Tootsie Roll Industries, Inc. went public on the NYSE in 1927 (http//finance. yahoo. com/q/pr? s=TR). The Hershey Company and the Tootsie Roll Company both are companies in confection industry they specialize in a wide variety of chocolate candy products.I compared both companies for the years 2002, 2003, and 2004 against each other and against the industry averages in order to make a decision about which company investors would take to invest in. The comparisons I used to make this decision were ratios for liquidity, solvency, and pro fitability. As a result of my analyses, I have chosen the Hershey Company.