Tootsie Roll Industries, Inc. Liability Analysis, assignment help

Question description

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?