Accounting Case Study on General Mills

General Mills, Inc. Financial Accounting Case Study faculty 1: A. General Mills merge Statements of Earnings: 1. The record sale core of almost $8 million is non 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% win (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 put down 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. pull in Income: 2000: $614 million 2001: $665 million 2002: $458 million When comparing the earnings income figures for the recent 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 life for (means better profit). 6. scour though General Mills pay dividends in 2000, 2001 and 2002, the like total dividend payments did not appear as an expense on the income statement becau se dividends ar not 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 large essay, order it on our website: OrderCustomPaper.com

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