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Need to solve for net cash provided by operating activities in both 2011 and 201

ID: 2478589 • Letter: N

Question

Need to solve for net cash provided by operating activities in both 2011 and 2010, increase/decrease in cash/cash equivalents for December 31, 2011, and which method of computing net cash for operating activities by Tootsie Roll to answer this question. Thanks!!

TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data For the year ended December 31 2010 $528,369 $517,149 $495,592 2011 2009 Net product sales Rental and royalty revenue Total revenue Product cost of goods sold Rental and royalty cost Total costs Product gross margin Rental and royalty gross margin Total gross margin Selling, marketing and administrative expenses Impairment charges Earnings from operations Other income (expense), net Earnings before income taxes Provision for income taxes Net earnings 4,299 365229 349.448 499:331 349,334 3,739 1224 319,775 532,505 365,225 366,263 3,098 1,038 5320,627 1,088 163,144 167,815 3,211 166,242 1.0.. seing, marketing and administrative expenses 108,276 6 -178,704 106,316 103,755 14,0 64,710 57,966 2,946 60,949 2.100 63,049 9.892 8,358 73,068 16,974 20,00552057 $43,938 53,063 $53,157 Net earnings Other comprehensive earnings (loss) Comprehensive earnings 43,938 $53,063 $53,157 (8,740) - L183 2,845 Retained earnings at beginning of year. Net earnings Cash dividends Stock dividends Retained earnings at end of year $135,866 $147,687 $144,949 53,157 (18,360) (18,078) (17,790) (32,629) $114,269 $135,866 $147,687 43,938 (47,175)(46,806) Earnings per share ) $0.89 Average Common and Class B Common shares outstanding 57,892 58,685 59,425 (The accompanying notes are an integral part of these statements.)

Explanation / Answer

1)Net Operating Cash

2) Increase/ Decrease in cash and cash equivalents 2011

Answer : Decrease in Cash & Cash Equivalents By $ 37,364

3) Which Method is used

Answer : Indirect method

Particulars 2011 2010 Net Operating Cash 50,390 82,805
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