Accounting Case Study on General Mills

General Mills, Inc. Financial Accounting Case Study mental faculty 1: A. General Mills merge Statements of Earnings: 1. The record sale core of almost $8 meg is non the actual amount of cash collected. The amount of $8 billion includes cash and credit sales. 2. gross revenue change order each year from 2000 to 2002. The difference among the year 2000 and 2001 was a 5.35% take in (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 off 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 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. crystallise Income: 2000: $614 million 2001: $665 million 2002: $458 million When comparing the net income figures for the dep arted three years, it is seen that between 2000 and 2001, the net income increased by $51 million, but between 2001 and 2002, the net income decreased by $207 million. 5.

A companys stock bell is usually influenced by the amount of net income because when finding the expenditure of the stock, you must divide the number of stocks by the net income. So, the high the net income, the lower the price of stocks, which is what buyers image for (means better profit). 6. scour though General Mills give dividends in 2000, 2001 and 2002, the like total dividend payments did not appear as an write off on the income state ment because dividends ar not an expense; t! hey are a financing activity that is reported on the statement of stockholders equity. They are payments that are... If you want to get a across-the-board essay, order it on our website: OrderCustomPaper.com

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