Purchase Solution

Tootsie Roll Industries

Not what you're looking for?

Ask Custom Question

FINANCIAL REPORTING PROBLEM: Tootsie Roll Industries

Refer to the financial statements of Tootsie Roll Industries

Instructions

Answer the following questions.

(a) What were Tootsie Roll's total current liabilities at December 31, 2004? What was the
increase/decrease in Tootsie Roll's total current liabilities from the prior year?

(b) How much were the accounts payable at December 31, 2004?

(c) What were the components of total current liabilities on December 31, 2004 (other
than accounts payable already discussed above)?

Purchase this Solution

Solution Summary

The solution explains some caclulations relating to current liabilities.

Purchase this Solution


Free BrainMass Quizzes
Operations Management

This quiz tests a student's knowledge about Operations Management

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.