Question: Refer to the General Mills's financial statements at the end of the text and answer the following questions: 1. What are the items listed as

Refer to the General Mills's financial statements at the end of the text and answer the following questions:
1. What are the items listed as long-term liabilities by General Mills? How did those liabilities change from 2009 to 2010?
2. Calculate the debt-to-equity ratio and the times interest earned ratio of the company for 2009 and 2010. What do those ratios reveal about the company and its ability to meet its obligations on its long-term liabilities?

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1 General Mills has the following longterm liabilities The companys year of May 3... View full answer

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