ACC/561 Week 2 Tootsie Roll Industries Inc. Loan Package - ACC561 week 2 Assignment (Graded A+) - 36325

Solution Posted by
arsalanahmed

arsalanahmed

Rating : (80)A
Solution Detail
Price: $25.00
  • From: Business,
  • Posted on: Wed 11 Dec, 2013
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

Learning Team

Tootsie Roll Industries Inc. Loan Package

Resource: Accounting

 

Read the financial statement for Tootsie Roll Industries Inc. in Appendix A of Accounting.

 

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 at least 1,250 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

 

·         An explanation of how the company plans use the proceeds from the loan and of how loan approval might affect the company

 

Cite your sources consistent with APA guidelines.

Solution Description

A+++++++++++++

Attachments
Loan Package.docx
Loan Package.do...
Ratios.xlsx
Ratios.xlsx