http://tootsie.com/core/files/tootsie/financial/18d0517520414cefc6043ec4df49e191.pdf

Does Tootsie Roll Industries (TRI) use the indirect method or direct method for preparing its statement of cash flows? How can you tell?

How much cash was provided by (used in) the following activities in 2014 and 2013? Use parentheses to indicate use of cash. Operating activities 2014: 2013:

Investing activities 2014: 2013:

Financing activities 2014: 2013:

Does Tootsie Roll Industries adequately provide cash through its operating activities? What is the significance of this?

Review the Investing Activities for 2014. What was the single most source of cash for 2014? What was the single most use of cash for 2014?

Notice that there are both purchases and sales/maturities of available for sale investments. Why do you think these amounts are reported separately? Why is there not just a single amount for net changes in available for sale investments?

Review the Financing Activities for 2014. What was the single most source of cash for 2014? What was the single most use of cash for 2014?

What is the amount of cash you expect to see on the Balance Sheet for Dec. 31, 2014?

Review the cash flows for all three years presented for Tootsie Roll Industries. In two to three sentences, generally describe how TRI has obtained its cash and what it has used cash for. Think in terms of overall activities of operating, investing and financing. In general which of the three activity types provided cash and which ones used cash. (You may ignore the line item for the effect of exchange rates on cash.)