Refer to the financial statements and notes of Tootsie Roll Industries Inc. The Mergent Database is a great place to find the financials. Click on the following link and scroll to the bottom left for videos on using the
library database Mergent
.
Research and answer the following:
Which method of reporting cash flows from operations does the company use?
Compare the net cash provided/used from operations to the net income amount on the income statement for all of the years presented in the annual report. Are these two numbers trending in the same direction? What is the largest adjustment item in the cash flows from operations?
What has created the largest inflow and outflow of cash for investing activities? Did investing activities provide or use cash for each of the years presented?
Did the financing activities provide or use cash in each of the years presented? What are the stock repurchase and dividend trends of your chosen company?
Does the cash provided by operations cover the investing activities? Financing activities?
This research assignment will help you to prepare the report and the financial analysis spreadsheets that comprise your final project.
In this module, you will complete and submit your project excel spreadsheet. You will perform a vertical and horizontal analysis and a ratio analysis for Tootsie Roll Industries Inc.
This week's submission will include the following:
Page 1 - Complete the vertical and horizontal analysis calculations for the figures you collected in the Module 01 Financial Accounting Project.
Page 2 - Complete the financial ratios on the second page of the workbook you started in Module 01.