Forecasting the Balance Sheet
Refer to the General Mills, Inc. information in M 11- 13. Assume the forecast of 20 I 4 net sales is $18,662.8 million. Use the following financial statement relations to forecast General Mills' receivables, inventories, and accounts payable as of the end of May 20 14.
M 11- 13
Forecasting an Income Statement
General Mills, Inc. reports the following fiscal year income statements.
Forecast General Mills' fiscal year 2014 income statement assuming the following income statement relations ($ in millions). All percentages (other than net sales growth, income taxes, and net earnings attributable to noncontrolling interests) are based on percent of sales.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more