Review the consolidated statement of changes in financial position for Grupo Bimbo for the year ended December
Question:
Review the consolidated statement of changes in financial position for Grupo Bimbo for the year ended December 31, 2002, at GrupoBimbo.com Required 1. What item caused the largest change (excluding net income) in the Operations section of the state¬ ment?
2. What item caused the largest change in the Financing section of the statement?
3. What item caused the largest change in the Investing section of the statement?
4. Did the cash and marketable securities as of December 31, 2002, increase or decrease relative to December 31, 2001?
5. Calculate the percentage change in both the cash and the marketable securities balances between December 31, 2001 and December 31, 2002.
6. At December 31, 2002, what percentage of current assets is comprised of cash and marketable securities?
Step by Step Answer:
Fundamental Accounting Principles
ISBN: 9780072946604
17th Edition
Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta