Tootsie Roll Industries, Inc. Essay

961 Words4 Pages
Tootsie Roll Industries, Inc. has been successful in the manufacturing and sales of confectionery products since the year 1896. We maintain a diverse and notably recognizable brand portfolio that remains popular across all trade channels. We continue to maintain a conservative financial posture in the deployment and management of our assets. One of our company 's priorities is to keep the production and distribution facilities as efficient as possible, support evolving distribution patterns, improve quality and promote growing product lines. Moving forward, Tootsie Roll Industries, Inc. seeks to establish further itself as an industry leader and maintain its high level of satisfaction to its customers. Securing a loan would help to ensure goals are met and even exceeded. We have prepared a detailed package to ensure that all requirements are met to your satisfaction, to help ensure the securing of a loan. Ratio Analysis of Financial Statements Tootsie Roll Industries Inc. uses financial ratios as an effective planning management to remain sustainable and competitive. The three sections of ratios are liquidity, solvency, and profitability. Liquidity ratios measure Tootsie Rolls capability to pay off its short-term debt by using assets that it could sell if needed. Solvency ratios measure the businesses ability to stay in the black and are in good standing with creditors. Profitability ratios measure performance and the company 's ability to make a profit. All three ratio

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