General Mills, Inc. Financial Accounting Case Study module 1: A. General Mills merge Statements of Earnings: 1. The save sale core of almost $8 one million million is not the actual amount of cash collected. The amount of $8 billion includes cash and credit sales. 2. gross revenue change magnitude each year from 2000 to 2002. The difference among the year 2000 and 2001 was a 5.35% dough (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 disbursal 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. sugar Income: 2000: $614 million 2001: $665 million 2002: $458 million When comparing the last-place income figures for the ancient 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 direct for (means better profit). 6. scour though General Mills nonrecreational dividends in 2000, 2001 and 2002, the like total dividend payments did not appear as an expense on the income statement because dividends ar n! ot an expense; they are a financing activity that is reported on the statement of stockholders equity. They are payments that are... If you want to get a ample essay, order it on our website: OrderCustomPaper.com
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