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

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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 ( or on other websites, such as the SCORE website ( 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.

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Loan Package.docx