General Mills Business Analysis - 844 Words

According to the financial report given, General Mills is an insolvent business. This is because even after making sum purchases and general expenses; it is still able to settle for them through its everyday operation. The various sources of money are also evidenced from the financial report. The company makes money through the investments they make in purchases, which is the source of cash and cash equivalents. Through the land building and equipment, which the business lease or rent to other business or the potential customers Investment in joint ventures for instance in other companies The company also invest in variable interest entities being the main beneficiary of the GM capital. Balance Sheet. The business call it consolidate balance sheet. Profit and loss statement: The business calls it consolidated statements of earnings. Statement of cash flows. The business calls it consolidated cash flows. Consolidated financial statements are the statements gives a combination of the accounts of a business and all the subsidiaries during a financial period. Financial statement are often prepared after a fiscal year specifically once in that trading period. The management of the company is responsible for the preparation of the financial statements. Financial statements of the company are significant for the investors who would like to venture into the business operation. It gives them the insight whether the business is making profits or it is doomed to fail;Show MoreRelatedGeneral Mills Inc. Understanding Financial Statements Essay1733 Words   |  7 PagesIntroduction The case study General Mills Inc. - Understanding Financial Statements focuses on the most basic idea of finance analysis. This case is a brief look into the language that is used in the finance world and a start to interaction with auditors. In this case, KPMG LLP, the public accounting firm that was auditing their statements, had sent two opinion letters. The first letter was ensuring that both parties were aware that General Mills had internal control over financial reportingRead MoreYoplait Critical Analysis883 Words   |  4 PagesCritical Analysis of General Mills’ Yogurt Business Introduction General Mills, Inc., is a U.S. leading based food company, producing packaged flour, breakfast cereals, refrigerated yogurt, dry dinners, frozen vegetable, and similar products. It’s consumer product has been sold and marketed in U.S. Retail stores, convenience stores, and outside of the United States (Forbes, 2017). 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