Selected data for General Mills for 2007, 2008, and 2009 appear below (amounts in millions). 2009 2008
Question:
Selected data for General Mills for 2007, 2008, and 2009 appear below (amounts in millions).
2009 2008 2007
Net income......................$1,304.4...............$1,294.7.................$1,144.0
Weighted-average number
of common shares outstanding .331.9 ................333.0 .....................346.5
Average common
shareholders' equity ............$5,695.3.............$5,767.4.................$5,545.5
Required
a. Compute the rate of ROCE for 2007, 2008, and 2009.
b. Compute basic EPS for 2007, 2008, and 2009.
c. Interpret the changes in ROCE versus EPS over the three-year period.
Step by Step Answer:
Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
ISBN: 1088
8th Edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw