ACC 561 Week 3 Tootsie Roll Industries Loan Package Study Guide
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This study includes an example paper of 1564 words with two references and an Excel document with a comprehensive breakdown of the balance sheet, earnings, cash flows, and ratio analysis. Also includes a complete breakdown of the financial position for Tootsie Roll industries before and post loan. Read the financial statement for Tootsie Roll Industries Inc. in Appendix A of Accounting. Use the financial information from this appendix for this assignment. Conduct an Internet search information on how to assemble a loan package by researching loan package requirements at The U.S. Small Business Administration website (http://www.sba.gov/) or on other websites, such as the SCORE website (http://www.score.org/). Research the specific loan package requirements of creditors, such as American Express, by reviewing their websites. Prepare a loan package of approximately1,250 words to secure a loan for Tootsie Roll Industries Inc. that would increase the company’s total liabilities by 10%. Your loan package should include the following: • •
A ratio analysis of the financial statements for Tootsie Roll Industries Inc., including several types of liquidity, solvency, and profitability ratios and an explanation of each ratio A justification of the reason the company needs this loan; the purpose might be for expansion, inventory purchases, debt retirement, and so on
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An explanation of how the company plans use the proceeds from the loan and of how loan approval might affect the company