'Accounting Case Study on General Mills '

' accounting Case athletic field on normal mill\n ordinary mill around, Inc.\n\nFinancial explanation Case discover Module 1: A. common Mills amalgamated Statements of profit: 1. The recorded sales agreement inwardness of nearly $8 one thousand thousand is non the positive amount of change collected. The amount of $8 billion includes bullion and credit sales.\n\n2. gross sales annexd from severally one stratum from 2000 to 2002. The engagement surrounded by the year 2000 and 2001 was a 5.35% increase (5,450-5,173/5,173 = .0535). The difference amid the year 2001 and 2002 was a 45.85% increase (7,949-5,450/5,450 = .4585).\n\n3. The largest sp stoping for familiar Mills for the years 2000, 2001, and 2002 was the resembling; over 50% of the revenue each year went towards the mo lowestary look on of sales. Sales in 2002 were the largest, about 7% more than the ii 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. assoil Income: 2000: $614 billion 2001: $665 million 2002: $458 million When comparison the net income figures for the erstwhile(prenominal) three years, it is seen that in the midst of 2000 and 2001, the net income increase by $51 million, but between 2001 and 2002, the net income decreased by $207 million.\n\n5. A companys stock worth is usually influenced by the amount of net income because when finding the impairment of the stock, you must break up the number of stocks by the net income. So, the higher(prenominal) the net income, the start out the price of stocks, which is what buyers pick up for (means better profit).\n\n6. in time though General Mills salaried dividends in 2000, 2001 and 2002, the same total dividend payments did not appear as an cost on the income statement because dividends atomic number 18 not an expense; they argon a financing operation that is reported on the statement of stockholders equity. They argon paymen ts that are make to only the owners of the company.\n\nB. General Mills Consolidated Balance Sheets: 7. A company has assets so that they have a location and equipment to turn tail/create a business. Assets are resources that are controlled by a business. Without assets, one cannot cite and/or untangle a company. The settle of assets are to maintain track of expenses, what a company owns, the likes of 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 set-back of 2002 to the end, we found that...If you trust to get a full essay, club it on our website:

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