FINANCIAL REPORTING PROBLEM: Tootsie Roll Industries, Inc.

BYP12-1

The financial statements of Tootsie Roll Industries are presented in Appendix A

(Wiley 5th edition).

Instructions

Answer

the following questions.

(a) What was the amount of net cash provided by operating

activities for 2011? For 2010?

(b) What was the amount of increase or decrease in cash and cash

equivalents for the year ended

December 31, 2011?

(d) From your analysis of the 2011 statement of cash flows, was

the change in accounts receivable

a decrease or an increase? Was the change in inventories a

decrease or an increase? Was the change in accounts payable a decrease or an

increase?

(e) What was the net cash used by investing activities for 2011?