Accounting Case Study on General Mills

Accounting human face believe on familiar Mills\n prevalent Mills, Inc.\n\n financial Accounting Case Study Module 1: A. ordinary Mills Consolidated Statements of lettuce: 1. The recorded sale number of almost $8 zillion is not the actual cook along of cash collected. The amount of $8 billion includes cash and deferred payment sales.\n\n2. Sales gaind separately division from 2000 to 2002. The difference surrounded by 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 write off for General Mills for the years 2000, 2001, and 2002 was the same; over 50% of the revenue each year went towards the cost of sales. Sales in 2002 were the largest, about 7% more(prenominal) 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. send away Income: 2000: $614 one million million 2001: $665 million 2002: $458 million When comparing the last(a)t income figures for the ult three years, it is seen that between 2000 and 2001, the engagement income increased by $51 million, but between 2001 and 2002, the net income decreased by $207 million.\n\n5. A connections stock price is unremarkably influenced by the amount of net income because when finding the price of the stock, you mustiness divide the number of stocks by the net income. So, the higher the net income, the lower the price of stocks, which is what buyers go through for (means better profit).\n\n6. Even though General Mills give dividends in 2000, 2001 and 2002, the corresponding core dividend payments did not appear as an expenditure on the income story because dividends atomic number 18 not an expense; they are a pay activity that is reported on the statement of stockholders equity. They are payments that are made to only the owners of the company.\n\nB. General Mills Co nsolidated eternal rest Sheets: 7. A company has assets so that they have a situation and equipment to operate/create a business. Assets are resources that are controlled by a business. Without assets, one cannot develop and/or run a company. The purpose of assets are to come on track of expenses, what a company owns, like equipment, inventory, cash etc., and creates repute 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 ascendent of 2002 to the end, we found that...If you want to get a full essay, arrangement it on our website:

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