The financial statements of Tootsie Roll Industries, Inc , appear in Appendix A at the end of this book Instructions Answer the following questions using the financial statements and the notes to the financial statements (a) What were Tootsie Rolls total current assets at December 31, 2009, and Dec...

a Total current assets were 211878000 at December 31 ...

The financial statements of Tootsie Roll Industries, Inc., appear in Appendix A at the end of this

Question:

The of Tootsie Roll Industries, Inc., appear in Appendix A at the end of this book.
Instructions
Answer the following questions using the and the notes to the What were Tootsie Roll’s total current assets at December 31, 2009, and December 31, 2008?
(b) Are the assets included in current assets listed in the proper order? Explain.
(c) How are Tootsie Roll’s assets classified?
(d) What were Tootsie Roll’s current liabilities at December 31, 2009, and December 31, 2008?

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...