Assignment:
It is important to properly classify and report current and long-term liabilities because they affect liquidity and risk for a company.
Refer to the most current financial statements of Tootsie Roll Industries, Inc. Research and answer the following questions. Present your information in a clear and concise, professional business report. Use correct APA format.
- What was the total stockholders' equity for each of the two most current years?
- What seems to be the main reason for the change in stockholders' equity?
- What is the largest component of stockholders' equity?
- Does the company have any preferred stock? How many classes of common stock does the company have?
- How many shares of common stock are authorized, issued, and outstanding?
- Refer to the Statement of Earnings. Did the company declare any dividends? Were they cash or stock dividends?
- Has the company repurchased any of its own shares? What is the total effect on shareholders' equity of the repurchase?
- What is the return on stockholders' equity?