2024 – It is important to properly classify and report current and long term liabilities because they

Help Please!! – 2024

It is important to properly classify and report current and long-term liabilities because they affect liquidity and risk for a company.

Look at Tootsie Roll Industries Inc.’s most current annual report. Focus on the Balance Sheet, which Tootsie Roll Industries Inc. titles Consolidated Statements of Financial Position, and the notes following the financial statements. Answer the following questions in a clear and concise, professional business report. Use correct APA formatting.

  • What was the balance of total current liabilities for the three most recent years of your research? Did this balance trend upward or downward from one year to the next? What account or accounts experienced the largest change?
  • Is the amount of current liabilities more or less than the long-term liabilities? What does the result mean? Is the total stockholders’ equity more or less than total liabilities? What does the result mean?
  • Calculate the debt ratio and current ratio for your company. Generally speaking what do these ratios tell you?

Need assignment writing services that are 100% risk-free. Our writers are capable of providing the best assignment help to students in globally at best rates.

Assignment online is a team of top-class experts whose only goal is to give you the best assignment help service. Follow the link below to order now...

#write essay #research paper