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    Tootsie Roll: Total Current Liabilities, Accounts Payable, other Current Liabilities

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    Refer to the financial statements of Tootsie Roll Industries and the Notes to Consolidated Financial Statements in Appendix A.

    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)?

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    Solution Preview

    (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?

    Current Liabilities at December 31, ...

    Solution Summary

    This response identifies total current liabilities, accounts payable and other current liabilities for Tootsie Roll.

    $2.19