The 2011 financial statements of Tootsie Roll Industries, Inc are provided in Appendix A Instructions Refer to Tootsie Rolls financial statements to answer the following questions (a) What were Tootsie Rolls total assets at December 31, 2011 At December 31, 2010 (b) How much cash did Tootsie Roll h...

a Tootsie Rolls total assets at December 312011 were 857856000 and at December 31 2010 wer ...

The 2011 financial statements of Tootsie Roll Industries, Inc. are provided in Appendix A. Instructions Refer to

Question:

The 2011 of Tootsie Roll Industries, Inc. are provided in Appendix A.
Instructions
Refer to Tootsie Roll’s to answer the following questions.
(a) What were Tootsie Roll’s total assets at December 31, 2011? At December 31, 2010?
(b) How much cash did Tootsie Roll have on December 31, 2011?
(c) What amount of did Tootsie Roll report on December 31, 2011? On December 31, 2010?
(d) What were Tootsie Roll’s total revenues in 2011? In 2010?
(e) What is the amount of the change in Tootsie Roll’s net income from 2010 to 2011?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...