Accounting Case Study on General Mills

accountancy Case strike on familiar mill\n prevalent mill round, Inc.\n\nFinancial Accounting Case Study faculty 1: A. General mill about Consolidated Statements of Earnings: 1. The record sale amount of around $8 one million million million is non the actual amount of gold collected. The amount of $8 billion includes cash and credit sales.\n\n2. gross sales increase each twelvemonth from 2000 to 2002. The engagement between the yr 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 cost for General Mills for the years 2000, 2001, and 2002 was the kindred; over 50% of the receipts each year went towards the address of sales. Sales in 2002 were the largest, about 7% more than the two 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 20 01: $665 million 2002: $458 million When compargon the net income income figures for the past tierce years, it is seen that between 2000 and 2001, the net income increased by $51 million, just now between 2001 and 2002, the net income decrease by $207 million.\n\n5. A companys fund price is usually influenced by the amount of net income because when conclusion the price of the stock, you must water parting the number of stocks by the net income. So, the higher the net income, the overturn the price of stocks, which is what buyers look for (means correct profit).\n\n6. Even though General Mills paid divid shuttings in 2000, 2001 and 2002, the corresponding jibe dividend payments did not appear as an expense on the income pedagogy because dividends be not an expense; they argon a financing activeness that is reported on the statement of stockholders equity. They are payments that are do to only the owners of the company.\n\nB. General Mills Consolidated Balance Sheets: 7 . A company has assets so that they down a location and equipment to melt/create a business. Assets are resources that are controlled by a business. Without assets, one cannot produce and/or run a company. The break up of assets are to keep click of expenses, what a company owns, desire 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 rear that...If you want to get a full essay, order it on our website:

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