1.The FY2016 income statement and balance sheet for General Mills, a competitor of P&G, follow. Use them

2.to answer the required questions.

1.Use the income statement and balance sheet for GM to answer the required questions.

a.In what order do we forecast the financial statements? Explain why this order is important.

b.What income statement amount do we forecast first?

c.Identify at least three forecasted expenses that are directly or indirectly related to revenue.

d.Identify at least three forecasted balance sheet accounts that are directly or indirectly related to forecasted revenue.