Prepare a business plan between 1,500 and 3,250 words in order to secure a loan for Tootsie Roll Industries Inc. The loan will increase the company's total liabilities by 10%. The contents of the plan should include the following:
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. Submit the final spreadsheet with your team's paper. Additional details and guidance are provided via the week 3 projects thread.
1. Incorporate the applicable sections of a business plan identified via research. For further information review the business plan requirements posted to the week 3 projects thread.
2. Discuss the underlying business factors and operational constraints that are driving the company to seek a loan.
3. Explain how the company plans to use the proceeds from the loan and how a loan approval will impact the company.
Format your paper consistent with APA guidelines and submit your paper and Turnitin report via the assignment files tab.