Accounting Case Study on General Mills

accounting Case content on public move\n customary mill roughly, Inc.\n\nFinancial Accounting Case Study mental faculty 1: A. General move Consolidated Statements of Earnings: 1. The preserve sale amount of or so $8 jillion is non the actual amount of change collected. The amount of $8 billion includes cash and credit sales.\n\n2. gross tax income change magnitude each class from 2000 to 2002. The discrimination between the form 2000 and 2001 was a 5.35% increase (5,450-5,173/5,173 = .0535). The difference between the year 2001 and 2002 was a 45.85% increase (7,949-5,450/5,450 = .4585).\n\n3. The largest sp overthrowing for General Mills for the years 2000, 2001, and 2002 was the homogeneous; over 50% of the revenue each year went towards the embody of sales. Sales in 2002 were the largest, about 7% more than the dickens previous years.\n\n2000: (2,698/5,173) = .522 = 52.2% 2001: (2,841/5,450 = .521 = 52.1% 2002: (4,767/7,949) = .599 = 59.9% 4. Net Income: 2000 : $614 million 2001: $665 million 2002: $458 million When canvas the brighten income figures for the past common chord years, it is seen that between 2000 and 2001, the net income increased by $51 million, besides between 2001 and 2002, the net income change magnitude by $207 million.\n\n5. A companys stress price is usually influenced by the amount of net income because when decision the price of the stock, you must disunite the number of stocks by the net income. So, the higher the net income, the glargon the price of stocks, which is what buyers look for (means develop profit).\n\n6. Even though General Mills paid dividends in 2000, 2001 and 2002, the corresponding essential dividend payments did not appear as an expense on the income avowal because dividends ar not an expense; they atomic number 18 a financing exertion that is reported on the statement of stockholders equity. They are payments that are make to only the owners of the company.\n\nB. General Mills Con solidated Balance Sheets: 7. A company has assets so that they bewilder a location and equipment to run short/create a business. Assets are resources that are controlled by a business. Without assets, one cannot produce and/or run a company. The shoot for of assets are to keep get through of expenses, what a company owns, the like equipment, inventory, cash etc., and creates value for the company.\n\n8. The total amount of assets at the end of 2002 was $16,540 million.\n\n9. When comparing the assets from the beginning of 2002 to the end, we tack together that...If you want to get a full essay, order it on our website:

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