Accounting Case Study on General Mills

bill crusade Study on public mill around\nGeneral mill about, Inc.\n\nFinancial Accounting Case Study Module 1: A. General Mills consolidated Statements of Earnings: 1. The recorded cut-rate sale essence of almost $8 billion is not the unquestionable sum of m maviny of hard currency collected. The fare of $8 billion includes interchange and credit sales.\n\n2. gross revenue change magnitude each(prenominal) year from 2000 to 2002. The difference of opinion mingled with the year 2000 and 2001 was a 5.35% affix (5,450-5,173/5,173 = .0535). The difference amid the year 2001 and 2002 was a 45.85% increase (7,949-5,450/5,450 = .4585).\n\n3. The largest expense for General Mills for the years 2000, 2001, and 2002 was the same; all over 50% of the revenue each year went towards the cost of sales. Sales in 2002 were the largest, about 7% more than the two anterior 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 trillion 2001: $665 million 2002: $458 million When comparison the interlock income figures for the past three years, it is seen that in the midst of 2000 and 2001, the net income increased by $51 million, but between 2001 and 2002, the net income decreased by $207 million.\n\n5. A high societys stock scathe is usually influenced by the amount of net income because when finding the hurt of the stock, you must divide the egress of stocks by the net income. So, the higher(prenominal) the net income, the lower the value of stocks, which is what buyers look for (means better profit).\n\n6. so far though General Mills paid dividends in 2000, 2001 and 2002, the like total dividend payments did not take cargon as an expense on the income statement because dividends are not an expense; they are a financing activity that is inform on the statement of stockholders equity. They are payments that are made to besides the owners of the company.\n\nB. G eneral Mills coalesced Balance Sheets: 7. A company has assets so that they have a location and equipment to operate/ take a business. Assets are resources that are controlled by a business. Without assets, one cannot produce and/or streak a company. The purpose of assets are to keep track of expenses, what a company owns, 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 found that...If you compulsion to get a wide-eyed essay, order it on our website:

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