Question

The balance sheets (adapted) for Tootsie Roll Industries, Inc., are shown here.


Requirements
1. What were the total current assets at December 31, 2007? December 31, 2008?
2. How are the assets ordered on the balance sheet?
3. What were the total current liabilities at December 31, 2007? December 31, 2008?
4. Calculate the current ratio at December 31, 2007, and December 31, 2008. What information do these numbersprovide?


$1.99
Sales0
Views53
Comments0
  • CreatedSeptember 01, 2014
  • Files Included
Post your question
5000