In order to complete this assignment you need to:
Collect the last two years 2013, 2014 of financial statements for Tootsie Roll Industries. Need to click on Tootsie Roll.com under company then to financials its Form 10-K Annual Filing starts on pg 17 till 39.
Then complete the attached file that is all blue highlighted area on the first spread sheet for the past two years of 2013, 2014.
Debt Anaylsis:
It is important to properly classify and report current and long-term liabilities because they affect liquidyu and risk for a company.
Refer to the most current financials statements of Tootsie Roll Industries. Research and answer the following:
1. What was the balance of total current liabilities for the two most recent years of you research? Did this balance trend upward or downward from one year to the next? What account or accounts experienced the largest change?
2. Refer to the notes to the financial statements. What makes up the accrued liabilites? Which liability makes up the largest portion of all accured liabilities?
3. Is the amount of current liabilities more or less the long-term liablilities? What does the result mean? Is the total stockholders’ equity more or less than total liabilities? What does the result mean?
4. Calculate the debt ratio for your company. Generally speaking what does the debt ratio tell you?
This assignmnet needs to be in APA Format.