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mbmb610

Business Finance

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MBA 2-8 Common-sized income statements Obj. 6 Using your answers to MBA 2-6 and MBA 2-7, compare and analyze Year 2 common-sized income statements of Kellogg (K) to those of General Mills (GIS). MBA 2-6 Common-sized income statements Obj. 6 Kellogg Company (K) produces, markets, and distributes cereal and food products including Cheez-It, Coco Pops, Rice Krispies, and Pringles. The following partial income statements in millions) were adapted from recent financial statements. Year 1 Year 2 Sales ....... Cost of goods sold Gross profit Selling and administrative expenses... Operating income $14,792 (8,689) $ 6,103 (3,266) $ 2,837 $14,580 (9,517) $ 5,063 (4,039) $ 1,024 1. Prepare common-sized income statements for Years 1 and 2. Round to one decimal place. 2. Using your answer to (1), analyze the performance of Kellogg in Year 2. MBA 2-7 Common-sized income statements Obj. 6 General Mills Inc. (GIS) produces, markets, and distributes cereal and food products including Cheerios, Wheaties, Cocoa Puffs, Yoplait, and Pillsbury branded products. The following partial income statements (in millions) were adapted from recent financial statements. Year 1 Sales Cost of goods sold Gross profit .... Selling and administrative expenses.. Operating income. $ 17,910 (11,540) $ 6,370 (3,474) $ 2,896 Year 2 $ 17,630 (11,681) $ 5,949 (3,328) $ 2,621 1. Prepare common-sized income statements for Years 1 and 2. Round to one decimal place. 2. Using your answer to (1), analyze the performance of General Mills in Year 2.
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Surname
1

Student name
MB-2.6
Part 1: Common Size Income Statement
Common Size Income Statement of Kellogg Company
Item

Year 1

Year 2

Sales

100 %

100 %

Cost of goods sold

58.7 %

65.3 %

Gross Profit

41.3%

34.7 %

Selling and administrative

22.1 %

27.7 %

19.2 %

07.0%

expenses
Operating Income

Part 2
The performance of Kellogg Company decreased in ...


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