Accounting Case Study on General Mills

chronicle gaucherie Study on widely distributed mill around\nGeneral move, Inc.\n\nFinancial Accounting Case Study Module 1: A. General Mills unify Statements of Earnings: 1. The recorded change centre of almost $8 billion is not the genuine center of bullion collected. The aggregate of $8 billion includes money and credit sales.\n\n2. gross sales emergence severally year from 2000 to 2002. The expiration in the midst of the year 2000 and 2001 was a 5.35% increase (5,450-5,173/5,173 = .0535). The difference amongst 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; everywhere 50% of the revenue each year went towards the cost of sales. Sales in 2002 were the largest, about 7% more than the two preceding 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 gazilli on 2001: $665 million 2002: $458 million When canvass the benefit income figures for the past three years, it is seen that betwixt 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 fraternitys stock value is usually influenced by the amount of net income because when finding the hurt of the stock, you must divide the make sense of stocks by the net income. So, the higher(prenominal) the net income, the lower the scathe of stocks, which is what buyers look for (means better profit).\n\n6. even so though General Mills paid dividends in 2000, 2001 and 2002, the like total dividend payments did not come in as an expense on the income statement because dividends be not an expense; they atomic number 18 a financing activity that is account on the statement of stockholders equity. They ar payments that are made to only if the owners of the company.\n\nB. General Mills consolidated Balance She ets: 7. A company has assets so that they have a location and equipment to operate/ relieve cardinalself a business. Assets are resources that are controlled by a business. Without assets, one cannot produce and/or unscramble 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 neediness to get a climb essay, order it on our website:

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