a) What were Tootsie Roll’s total current liabilities at December 31, 2004? What was the
increase/decrease in Tootsie Roll’s total current liabilities from the prior year?
(b) How much were the accounts payable at December 31, 2004?
(c) What were the components of total current liabilities on December 31, 2004 (other
than accounts payable already discussed above)?
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All amounts in thousands
a) What were Tootsie Roll’s total current liabilities at December 31, 2004?
82,317
What was the increase/decrease in Tootsie Roll’s total current liabilities from the prior year?
82,317 - 62,887 = 19,430 Increase
(b) How much were the accounts payable at December 31, 2004?
19,315
(c) What were the components of total current liabilities on December 31, 2004 (other
than accounts payable already discussed above)?
Bank loan
Accounts payable
Dividends payable
Accrued liabilities
Income taxes payable
December 31, 2011