Tootsie Roll Industries Paper
- Submitted by: huffmister04
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- Category: Science
- Date Submitted: 12/18/2011 02:17 PM
- Pages: 7
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Tootsie Roll Industries: Loan Package
Tootsie Roll Industries Inc. is one of the largest candy companies in the United States. Tootsie Roll Industries was established in 1896 and has grown to become a worldwide company. “the Chicago-based company has grown to become one of the country's largest candy companies, with operations throughout North America and with distribution channels in more than 75 countries” (Company Information, 2011, p. 1). The loan package for Tootsie Roll Industries would increase the total liabilities by a 10%.
Tootsie Roll Industries is trying to seek a loan that would improve the company’s net earnings by increasing the company’s liability by a 10%. Tootsie Roll Industries will complete a loan package that will describe the company’s current financial situation through the process of ratio analysis of the 2007 financial statements. The company’s goal is to acquire a loan for $17,450 million. The company financial structure has maintained a conservative financial position. Tootsie Roll Industries’ reputation is impeccable and is known for being a stable international company. The loan package will allow the company to acquire the funds needed to make the company better and increase the financial performance.
Requirements of the loan package
Tootsie Roll Industrie’s loan package is specific and consists of business and personal information. The loan package requires many documents as prove and consist of much communication between the lender and the company. The loan package for Tootsie Roll Industry should consist of an executive summary regarding the company, background, the nature of the company, the amount of the loan, how the company will repay the loan, and how the loan will benefit the business. A business profile including location, type of business, service or product, a short history of annual sales, number of employees, forecast of future operations, competition, customers, suppliers, and date of information (Preparing to...
Tootsie Roll Industries Inc. is one of the largest candy companies in the United States. Tootsie Roll Industries was established in 1896 and has grown to become a worldwide company. “the Chicago-based company has grown to become one of the country's largest candy companies, with operations throughout North America and with distribution channels in more than 75 countries” (Company Information, 2011, p. 1). The loan package for Tootsie Roll Industries would increase the total liabilities by a 10%.
Tootsie Roll Industries is trying to seek a loan that would improve the company’s net earnings by increasing the company’s liability by a 10%. Tootsie Roll Industries will complete a loan package that will describe the company’s current financial situation through the process of ratio analysis of the 2007 financial statements. The company’s goal is to acquire a loan for $17,450 million. The company financial structure has maintained a conservative financial position. Tootsie Roll Industries’ reputation is impeccable and is known for being a stable international company. The loan package will allow the company to acquire the funds needed to make the company better and increase the financial performance.
Requirements of the loan package
Tootsie Roll Industrie’s loan package is specific and consists of business and personal information. The loan package requires many documents as prove and consist of much communication between the lender and the company. The loan package for Tootsie Roll Industry should consist of an executive summary regarding the company, background, the nature of the company, the amount of the loan, how the company will repay the loan, and how the loan will benefit the business. A business profile including location, type of business, service or product, a short history of annual sales, number of employees, forecast of future operations, competition, customers, suppliers, and date of information (Preparing to...