chap 14 demo problem

# chap 14 demo problem - Name Instructor Managerial...

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FileName: 18dd8d1e4658ea3c146773a41bb61a0f60a68165.xls, Tab: Chap 14 Demonstration Problem, Page 1 of 2, 12/28/2011, 19:01:18 Name: Date: Instructor: Course: Instructions: KELLOGG COMPANY, INC. Horizontal Analysis Balance Sheets December 31 (in millions) Assets 2001 2000 Amount Percent Current assets Cash and short-term investments \$231.8 \$204.4 Formula Formula Accounts receivable, (net) 762.3 685.3 Formula Formula Inventories 574.5 443.8 Formula Formula Prepaid expenses and other current assets 333.4 283.6 Formula Formula Total current assets 1,902.0 1,617.1 Formula Formula Property assets, net 2,952.8 2,526.9 Formula Formula Intangibles and other assets 5,513.8 742.0 Formula Formula Total assets \$10,368.6 \$4,886.0 Formula Formula Liabilities and Stockholders' Equity Current liabilities \$2,207.6 \$2,482.3 Formula Formula Long-term liabilities 7,289.5 1,506.2 Formula Formula Stockholders' equity - Common stock 871.5 897.5 Formula Formula Total liabilities and stockholders' equity \$10,368.6 \$4,886.0 Formula Formula KELLOGG COMPANY, INC. Horizontal Analysis Condensed Income Statements For the Years Ended December 31 (in millions) 2001 2000 Amount Percent Net sales \$7,548.4 \$6,086.7 Formula Formula Cost of goods sold 4,211.4 3,401.7 Formula Formula Gross profit 3,337.0 2,685.0 Formula Formula Selling and administrative expenses 2,135.8 1,608.7 Formula Formula Nonrecurring charges 33.3 86.5 Formula Formula Income from operations 1,167.9 989.8 Formula Formula Interest expense 351.5 137.5 Formula Formula Other income (expense), net (23.9) 15.4

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## This note was uploaded on 12/28/2011 for the course ACCT 221 taught by Professor Leonarda.bacon during the Winter '07 term at CSU Bakersfield.

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chap 14 demo problem - Name Instructor Managerial...

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