Accounting Case Study on General Mills

ordinary Mills, Inc. Financial Accounting Case Study Module 1: A. common Mills immix Statements of Earnings: 1. The recorded sales agreement core of almost $8 billion is not the positive summate of gold collected. The amount of $8 billion includes cash and credit sales. 2. gross gross change magnitude all(prenominal) division from 2000 to 2002. The contrast among the year 2000 and 2001 was a 5.35% profit (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). 3. The largest write down for General Mills for the years 2000, 2001, and 2002 was the equivalent; everywhere 50% of the revenue each year went towards the price of sales. Sales in 2002 were the largest, virtually 7% more than the 2 former years. 2000: (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 comp be the winnings income figures for the past ternary years, it is seen that between 2000 and 2001, the net income increase by $51 million, simply between 2001 and 2002, the net income change magnitude by $207 million. 5.

A companys persuade bell is usually influenced by the amount of net income because when decision the expenditure of the stock, you must dissociate the number of stocks by the net income. So, the high the net income, the spurn the price of stocks, which is what buyers look for (means smash profit). 6. scour though General Mills paid dividends in 2000, 2001 and 2002, the like total dividend payments did not appear as an expense on the income command because dividends ar not an expense; they are a financing operation that is reported on the statement of stockholders equity. They are payments that are... If you want to give rise a full essay, vagabond it on our website: Ordercustompaper.com

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