It is important to properly classify and report current and long-term liabilities because they affect liquidity and risk for a company.Refer to the most current financial statements of Tootsie Roll Industries, Inc. Research and answer the following questions.

Equity Analysis:It is important to properly classify and report current and long-term liabilities because they affect liquidity and risk for a company.Refer to the most current financial statements of Tootsie Roll Industries, Inc. Research and answer the following questions. Present your information in a clear and concise, professional business report. Use correct APA format. This research assignment will help you to prepare the report and the financial analysis spreadsheets that comprise your final project.Save your assignment as a Microsoft Word document. (Mac users, please remember to append the \”.docx\” extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below: