Locate Tootsie Roll Industries Inc.'s most current SEC Form 10-K Annual Filing as well as the prior years 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 years annual filing, as only two years of balance sheet information are shown in the statement. This is why you need to locate the prior years filing as well as the current year as directed above.

the information have to be found from the toosie roll factory off google but i dont understand the #s

Tootsie Roll Industries Inc.
Balance Sheet	Year 1	Year 2	Year 3
Cash and Cash Equivalents
Investments
Accounts Receivable Trade
Inventory (Add: FG and WIP + RM & supplies lines)
Total Current Assets
Net Property, Plant and Equipment
Goodwill
Trademarks
Total Assets
Accounts Payable
Accrued Liabilities
Total Current Liabilities
Total Noncurrent Liabilities
Total liabilities (Add total current liab + total noncurrent)
Common Stock
Class B Common Stock
Retained Earnings
Treasury Stock
Total Equity
Total liabilities and Shareholders Equity

Question 1: Refer to Note 1 in the Notes to the Consolidated Financial Statements. What method of depreciation does Tootsie Roll Industries Inc. use for their property, plant and equipment?

Question 2: : Refer to Note 1 in the Notes to the Consolidated Financial Statements. What method does Tootsie Roll Industries Inc. use to value its inventory?

Question 3: Calculate Tootsie Roll Industry Inc's fixed asset turnover and interpret it's meaning. Show your work. (Hint: Fixed Asset Turnover is calculated as Net Earnings/ Net Property, Plant and Equipment)

Question 4: Calculate Tootsie Roll Industry Inc's accounts receivable turnover for the most recent year and interpret its meaning. Show your work. (Hint: Accounts Receivable Turnover is calculated as Total Sales/Average Accounts Receivable.)

Question 5: Calculate Tootsie Roll Industry Inc's inventory turnover ratio for the most recent year and interpret its meaning. Show your work. (Hint: Inventory turnover ratio is calculated as Product Cost of Goods Sold/Average Inventory.)

Question 6: Has the total current assets amount show an increasing or decreasing trend from one year to the next? What account or accounts experienced the largest change? (Hint: To find the amount of change, subtract the prior year amount from the current year amount. Positive answers mean the account has increased by that amount, negative answers mean the account has decreased by that amount.)

Question 7: Is the amount of current liabilities more or less than the long-term liabilities for the most recent year? What does the result mean?

Question 8: Is the total stockholders' equity more or less than total liabilities for the most recent year? What does the result mean?

Question 9: Calculate the debt ratio and current ratio for your company for the most recent year. Generally speaking, what do these ratios tell you? (Hint: Debt ratio is calculated as Total Liabilities/Total Assets; Current ratio is calculated as Total Current Assets/Total Current Liabilities.)

Question 10: What is the main reason for the change in stockholders' equity? What is the largest component of stockholders' equity?

Question 11: How many classes of common stock does the company have? For each class, how many shares are authorized, issued, and outstanding? (To find outstanding shares, subtract any treasury stock for that class from the number issued to find the number outstanding.)

Question 12: Calculate the Return on Stockholder's Equity for the most recent year and interpret its meaning. Show your work. (Hint: Return on Stockholders Equity is calculated as Net Earnings/Average Total Equity.)