Current Financial Statements Of Tootsie Roll Industries Inc - 550 Words

Current Financial Statements Of Tootsie Roll Industries Inc (Research Paper Sample) Content: Current Financial Statements Of Tootsie Roll Industries, IncStudents nameInstitution DateCurrent Financial Statements of Tootsie Roll Industries, IncIt is important to properly classify and report current and long-term liabilities because they affect liquidity and risk for a company.Refer to the most current financial statements of Tootsie Roll Industries, Inc. Research and answer the following questions. Present your information in a clear and concise, professional business report. What was the total stockholders' equity for each of the two most current years?The total stockholders equity as at 31st December 2015 was $698,183 while at 31st December 2014 was $690,809. What seems to be the main reason for the change in stockholders' equity?The value of the common stock increased from $41,786 in the year 2014 to $42,308 in the year 2015. The increase in the value was due the increase in the net income. The net income increased from $63,298 in the year 2014 to $66,089 in the year 2015. What is the largest component of stockholders' equity?The largest component of shareholders equity is the capital surplus both years. In 2014 it was $599,186 and 2015 it was $622,882.Stockholders' Equity201520142013Misc Stocks Options Warrants- - - Redeemable Preferred Stock- - - Preferred Stock- - - Common Stock42,30841,78641,157Retained Earnings52,34964,92773,109Treasury Stock(1,992)(1,992)(1,992)Capital Surplus622,882599,186572,669Other Stockholder Equity(17,364)(13,098)(4,638)Total Stockholder Equity 698,183 690,809 680,305Does the company have any preferred stock? How many classes of common stock does the company have?The company does not have any preferred stocks as at 2014 and 2015 financial years. It operates on one class of common stocks from the balance sheet statement extract of 2014 and 2015 financial years.How many shares of common stock are authorized, issued, and outstanding? Tootsie Roll Industries, IncThe total number of outstanding shares for Toot sie Roll Industries Shares Outstanding as at 31st December 2015 was 61.4M. The number of authorized shares and issued shares were not available in the year 2014 and 2015. Refer to the Statement of Earnings. Did the company declare any dividends? Were they cash or stock dividends?The company declared dividends. They ...