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Financial Accopunting Essay

755 words - 4 pages

Case Discussion 9-1 1 Current Ratio of General Mills Current Assets Current Liabilities Current Ratio 2010 3480.00 3769.10 0.92 2009 3534.00 3606.60 0.98

Current Ratios are less than 1 for both the years. Hence, company will not be able to pay off their short term liabilities with their current assets

2 Current Assets Current Liabilities Current Ratio

Kelloggs 2010 2195 3184 0.69

2009 2558 2288 1.12

General Mills 2010 2009 3480.00 3534.00 3769.10 3606.60 0.92 0.98

In both the years, General Mills have higher current liabilities than the Kellogg's Case Discussion 10-2 1 Total Liabilities Shareholder's Equity Debt to Equity Ratio Kelloggs 2010 9693 2154 4.50 General Mills ...view middle of the document...

8

-691.8 643.7

Kellogg's - Long Term Liabilities Long Term Debt Deferred Income Taxes Pension Liability Other Liabilities

73 272 -165 -308

Increased Increased Decreased Decreased

Long Term Liabilities increased due to increase in long term debts and Deferred Income Taxes and Decreased due to decrease in Pension Liability and Other Liabilities Case Discussion 11 - 1 1 Number of Shares Authorized Number of Shares Issued Number of Shares Outstanding 2 Retained Earnings Kelloggs 2010 1000000000 419272027 419000000 Kelloggs 2010 2009 6122 5481 Increased General Mills 2010 1000000000 999999245 754.60 General Mills 2010 2009 8122.40 7235.60 Increased

Retained Earnings increased from 2009 to 2010 for Kelloggs as well as General Mills Retained Earnings are affected by Revenue, Expenses and Dividends 3 Shareholder's Equity Kelloggs 2010 2154 General Mills 2010 5648

General Mills has more Shareholder's Equity than Kelloggs. But this necessarily does not mean General Mills has more equity because the Share capital has been measured in terms of par value whereas the actual worth of the shares need to be calculated in terms of the market price.

Case Discussions 12 - 1 1 Kellogg's uses Direct method for Cash...

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