Locate Tootsie Roll Industries Inc's Current SEC Form

Locate Tootsie Roll Industries Inc's Most Current SEC Form 10-K Annua

Locate Tootsie Roll Industries Inc.'s most current SEC Form 10-K Annual Filing as well as the prior year’s SEC Form 10-K Annual filing in the Tootsie Roll Industries Annual Reports. Focus on the balance sheet, which Tootsie Roll Industries Inc. titles Consolidated Statement of Financial Position, and the notes following the financial statements. Note: Year 3 balance sheet information will need to be located on the prior year’s annual filing, as only two years of balance sheet information are shown in the statement. This is why you need to locate the prior year’s filing as well as the current year as directed above. Complete the required balance sheet items and address the questions located in the Module 03 tab of the Course Project Template.

In the References box, include an APA reference for all information retrieved, whether from the Tootsie Roll website itself, specific forms (i.e., 10-K) from the Tootsie Roll website, or other outside sources.

Paper For Above instruction

The financial health and stability of a corporation are best understood through a detailed analysis of its financial statements, particularly the balance sheet. For Tootsie Roll Industries Inc., this entails reviewing its most recent Form 10-K filing and the previous year's report, focusing on the Consolidated Statement of Financial Position. These documents provide essential insights into the firm's assets, liabilities, and shareholders’ equity, facilitating a comprehensive evaluation of its financial standing.

Accessing Tootsie Roll Industries' latest SEC Form 10-K involves visiting the Securities and Exchange Commission's EDGAR database or the company's official investor relations webpage. Once located, the financial statements section reveals the Consolidated Statement of Financial Position, which lists assets, liabilities, and shareholders’ equity as of a specific date. Comparing the current year's balance sheet with the prior year's allows identification of trends, such as asset growth, debt levels, or changes in equity.

The balance sheet items typically include current assets such as cash and cash equivalents, accounts receivable, inventory, and prepaid expenses; non-current assets like property, plant, equipment, and intangible assets. On the liabilities side, current liabilities encompass accounts payable, short-term debt, and accrued expenses; non-current liabilities often include long-term debt and deferred tax liabilities. Shareholders’ equity comprises common stock, retained earnings, and other comprehensive income. Accurately completing these items requires extracting data from the financial statements and notes in the annual reports.

Reviewing the notes to the financial statements is crucial, as they provide detailed information on accounting policies, contingent liabilities, fair value measurements, and debt agreements. Understanding these notes enhances the interpretation of the balance sheet figures and assists in assessing the company's financial stability and potential risks.

Financial statement analysis should extend beyond piecemeal data; examining ratios like debt-to-equity, current ratio, and asset turnover can offer deeper insights into liquidity, leverage, and operational efficiency. For Tootsie Roll Industries, a confectionery company with a longstanding history, analyzing these metrics over multiple years helps identify whether its financial position is improving, stable, or deteriorating.

Finally, all sourced data must be properly cited in APA format to ensure academic integrity. Using credible sources such as the SEC's EDGAR database, Tootsie Roll Industries' official filings, and reputable financial analysis platforms bolsters the credibility of the analysis. Proper citation also aids in transparency and allows readers to verify the data used.

References

  • Tootsie Roll Industries Inc. (2022). Annual Report (Form 10-K). Retrieved from https://www.sec.gov/edgar/browse/?CIK=0001281767&action=getcompany
  • SEC. (2023). EDGAR full-text search. U.S. Securities and Exchange Commission. https://www.sec.gov/edgar/searchedgar/companysearch.html
  • Brigham, E. F., & Houston, J. F. (2019). Fundamentals of Financial Management (15th ed.). Cengage Learning.
  • Horngren, C. T., Sundem, G. L., & Elliott, J. A. (2019). Introduction to Financial Accounting (11th ed.). Pearson.
  • Wild, J. J., Subramanyam, K. R., & Halsey, R. F. (2019). Financial Statement Analysis (12th ed.). McGraw-Hill Education.
  • Higgins, R. C. (2018). Analysis for Financial Management (12th ed.). McGraw-Hill Education.
  • Investopedia. (2023). Financial Ratio Analysis. https://www.investopedia.com/terms/f/financialratioanalysis.asp
  • FASB. (2023). Accounting Standards Codification. Financial Accounting Standards Board. https://asc.fasb.org
  • Pratt, S. P., & Niculita, A. (2018). Financial Analysts Handbook (6th ed.). Wiley.
  • Damodaran, A. (2015). Investment Valuation: Tools and Techniques for Determining the Value of Any Asset. Wiley.

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