Perform vertical analysis

< www.sec.gov > Filings tab at top Company Filings Search; next to company name type, Tootsie Tootsie Roll Industries Inc. will appear select the first 10K interactive documents for the 2016 and 2015 comparative financial statements. (You may need 2014 data to figure certain financial ratios in part 4 below).The "View Excel Document" link is helpful for parts 2 and 3 below.

< www.tootsie.com > click Company tab and then financials from the dropdown menu. Click dropdown arrow and select 2016 for year to display in order to access the 2016 annual report and 10K. (The 2015 Annual Report is also available by selecting 2015).

Answer the questions on the following pages. The answers can be found in the Tootsie Roll 2016 Annual Report.

Perform vertical analysis on the income statements and balance sheet information for fiscal periods 2016 and 2015. (The Excel format of the income statement and balance sheet can be downloaded from the SEC website by selecting "View Excel Documents" in the interactive data area.)

Perform horizontal analysis on the income statements and balance sheet information to show the dollar and percentage change between fiscal periods 2016 and 2015. (The Excel format of the income statement and balance sheet can be downloaded from the SEC website by selecting "View Excel Documents" in the interactive data area.)

Compute a selection of financial ratios relevant for evaluating Tootsie Rolls LIQUIDITY, SOLVENCY, PROFITABILITY and MARKET INDICATORS for fiscal 2016 and 2015. Please select a total of at least 10 financial ratios. For some of the ratios you may need to access fiscal 2014 balance sheet numbers which can be found on the 2014 Annual Report. Show calculations.

Submit to the Financial Statement Analysis Project drop-box, your solutions to all five parts. Please use a maximum of two files (one for the Excel work and one for the Word work.)