Question:
Tootsie Roll Industries Inc.
Complete a financial analysis in Excel using, in part, the financial and management information included with the company's web site. This includes historical and projected financial statements, a three year historical ratio analysis of the company's financial statements and a three year projected ratio analysis of the company's financial statements. The accounting periods for the historical and projected analysis are provided at the beginning of week three. For all years in question, provide several types of liquidity, solvency, and profitability ratios and explain the results. In order to support your projections, include a list of all assumptions and issues that influenced your team's decisions. Incorporate industry comparisons and analysis. Include an organized list or table of all financial ratios in your paper and calculate a variance analysis for each year. The variance analysis indicates the net increase or decrease of a particular financial ratio from one year as compared to the following year.