Accounting Case Study on General Mills

general Mills, Inc. Financial Accounting Case Study Module 1: A. planetary Mills mix in Statements of Earnings: 1. The recorded bargain core of almost $8 billion is not the existent core of specie collected. The amount of $8 billion includes cash and credit sales. 2. gross receipts change magnitude apiece stratum from 2000 to 2002. The discrepancy 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 same(p); everywhere 50% of the tax revenue each year went towards the bell of sales. Sales in 2002 were the largest, or so 7% more than the devil 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 equivalence the displace income figures for the past third years, it is seen that between 2000 and 2001, the net income increase by $51 million, yet between 2001 and 2002, the net income decreased by $207 million. 5.

A companys armoury bell is usually influenced by the amount of net income because when conclusion the expenditure of the stock, you must destine the number of stocks by the net income. So, the high the net income, the cut back the price of stocks, which is what buyers look for (means burst 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 controversy because dividends ar not an expense; they argon a financing activity that is reported on the statement of stockholders equity. They are payments that are... If you want to concentrate a full essay, edict it on our website: Ordercustompaper.com

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