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Nestle SA in millions (exce -t or data ner share and em-lo ees 2013 and 2014 2013 2014 Results Sales 92158 91 612 CHF 92,158 CHF 91,612 Trading...

Screen Shot 2018-08-05 at 8.07.58 PM.pngAs you have learned throughout this course so far, financial statements play a significant role in all aspects of accounting. For this assignment, you are to retrieve the journal entry-flow of production above. Use the financial statement, then you will need to read the following article:

Fisher, J. G., & Krumwiede, K. (2015). Product costing systems: Finding the right approach. Journal of Corporate Accounting & Finance, 26(4), 13-21. Retrieved from auth=CAS&url= direct=true&db=bth&AN=102202378&site=ehost-live&scope=site

Once you have read the article, address the following questions based on both the article and your chart(s):

analyze your current system using the three dimensions of convenience, correctness, and costs of implementation; correlate your current company's product cost design abilities by answering the four key product design questions; and employ strategies for how businesses can better present financial statements for other businesses or financial institutions.

Your assignment is to be at least two pages in length, not counting the title and references pages. You must have at least two outside sources, which can include the textbook and the Fisher and Krumwiede article.

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Nestle SA in millions
(exce -t or data ner share and em-lo ees 2013 and 2014 2013 2014
Sales 92158 91 612 CHF 92,158 CHF 91,612
Trading operating profit 14,047 14,019
as % of sales 15.24% 15.30%
Profit for the period attributable to shareholders of the parent (Net profit) 10015 14456
as % of sales 10.87% 15.78%
Balance sheet and Cash flow statement
Equity attributable to shareholders of the parent 62,575 70,130
Net financial debt 14,690 12,325
Ratio of net financial debt to equity (gearing) 23.48% 17.57%
Operating cash flow 14,992 14,700
as % of net financial debt 102.06% 119.27%
Free cash flow 10,486 14,137
Capital expenditure 4,928 3,914
as % of sales 5.35% 4.27%
Data -er share
Weighted average number of shares outstanding (in millions of units) 3,191 3,188
Basic earnings per share 3.14 4.54
Dividend as proposed by the Board of Directors of Nestlé S.A. 2.15 2.20
Market capitalisation, end December 31st 208,279 231,136
Number of employees (in thousands) 333 339 Retrieved from: httpszl lwww. nestle.comlasset-library/documents/ libraryldocuments/annual_report512014-annual-report-en.pdf

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