General Mills, Inc. reports the following fiscal year income statements. Forecast General Mills' fiscal year 2014 income
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General Mills, Inc. reports the following fiscal year income statements.
Forecast General Mills' fiscal year 2014 income statement assuming the following income statement relations (\$ in millions). All percentages (other than net sales growth, income taxes, and net earnings attributable to noncontrolling interests) are based on percent of sales.
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Income Statement, Fiscal Year Ended ($ millions) Net sales... Cost of sales. Selling, general and administrative expenses Divestitures (gain)... Restructuring, impairment, and other exit costs Operating profit Interest, net... Earnings before income taxes and after-tax earnings from joint ventures.. Income taxes.. After-tax earnings from joint ventures Net earnings, including earnings attributable to redeemable and noncontrolling interests.. Net earnings attributable to redeemable and noncontrolling interests Net earnings attributable to General Mills May 26, 2013 $17,774.1 11,350.2 3,552.3 19.8 2,851.8 316.9 2,534.9 741.2 98.8 1,892.5 37.3 $ 1,855.2 May 27, 2012 May 29, 2011 $14,880.2 8,926.7 3,192.0 $16,657.9 10,613.2 3,380.7 101.6 2,562.4 351.9 2,210.5 709.6 88.2 1,589.1 21.8 $ 1,567.3 5.2 (17.4) 4.4 2,774.5 346.3 2,428.2 721.1 96.4 1,803.5 1,798.3
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Related Book For
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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