Acc 561 Week 3 Team Tootsie Roll Loan Paper
Tootsie Roll Industries, Inc. Loan Package
ACC/561
Tootsie Roll Industries, Inc. Loan Package In week three, Learning Team E presents a loan package for public held company, Tootsie Roll Industries, Inc., in business for over 100 years. Tootsie Roll is a manufacturer of confectionery products. In addition to sales in the United States, Tootsie Roll’s profits grew in Mexico, Canada, Europe, Asia, South and Central America. This loan package consists of three sections: Financial Ratios, Corporate Strategy-2008 Project: Capital Expenditure, and Loan Approval’s Effect on Tootsie Roll Industry, Inc. Financials.
Comments on Financial Ratios and Company Financial Position Selected financial ratios were calculated and are summarized in the table below.
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|Tootsie Roll Industries, Inc. Financial Ratios |
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|Dollar amounts are in thousands except Earnings Per Share |
|Selected Liquidity Ratios |2007 |2006 |
|Current Ratio |3.45 |3.07 |
|Working Capital |$141,754 |$128,706 |
|Current Cash Debt Coverage Ratio |1.50 |0.63 |
| |
ACC/561
Tootsie Roll Industries, Inc. Loan Package In week three, Learning Team E presents a loan package for public held company, Tootsie Roll Industries, Inc., in business for over 100 years. Tootsie Roll is a manufacturer of confectionery products. In addition to sales in the United States, Tootsie Roll’s profits grew in Mexico, Canada, Europe, Asia, South and Central America. This loan package consists of three sections: Financial Ratios, Corporate Strategy-2008 Project: Capital Expenditure, and Loan Approval’s Effect on Tootsie Roll Industry, Inc. Financials.
Comments on Financial Ratios and Company Financial Position Selected financial ratios were calculated and are summarized in the table below.
| |
|Tootsie Roll Industries, Inc. Financial Ratios |
| |
|Dollar amounts are in thousands except Earnings Per Share |
|Selected Liquidity Ratios |2007 |2006 |
|Current Ratio |3.45 |3.07 |
|Working Capital |$141,754 |$128,706 |
|Current Cash Debt Coverage Ratio |1.50 |0.63 |
| |
References: Cokins, G. (2008). Repairing the budgeting process. Financial Executive, 24(10), 45-49. Retrieved from EBSCOhost. Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2009). Chapter 13 and Appendix A. Accounting: Tools for business decision making (3rd ed.). Hoboken, NJ: John Wiley & Sons. Tootsie Roll Industries, Inc. (2011). 2010 Annual Report. Retrieved from http://www.tootsie.com/comp_financial.php