Tootsie Roll Industries, Inc

Multiple Choice

Tootsie Roll Industries, Inc. has been engaged in the manufacture and sale of candy since 1896. Its products are sold under the familiar brand names Tootsie Roll, Tootsie Roll Pops, Charms, Blow Pops, Cella's, Mason Dots and Mason Crows. Tootsie Roll operates four plants in Illinois, New York, Tennessee and Mexico. Tootsie Roll is traded on the New York Stock Exchange and maintains its head office in Chicago, Illinois.
Tootsie Roll's financial statements for Year 5 and Year 6 are provided below.
Tootsie Roll Industries Inc.
Balance Sheet
As of December 31, Year 6 ($000s)

-Tootsie Roll Industries Inc.
Income Statement
As of December 31,Year 6 ($000s)

Selected Financial Ratios

Referring to the financial statements for Tootsie Roll,what is the difference between the Industry and Tootsie for the net profit margin? (Tootsie - Industry)

A) 3.1%
B) 3.4%
C) 5.4%
D) 8.2%
E) 11.6%