Financial statements of Tootsie Roll Industries
Not what you're looking for?
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)?
Purchase this Solution
Solution Summary
Financial statements of Tootsie Roll Industries are examined.
Solution Preview
Dear Student,
Thank you for using BM.
Below are my answers.
ANSWERS
Question A
Current liabilities, December 31, 2004 = $82,317 thousand ...
Purchase this Solution
Free BrainMass Quizzes
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Lean your Process
This quiz will help you understand the basic concepts of Lean.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.