P1.44 Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from General Mills Inc. for its fiscal year ended May 27, 2018 ($ millions).

Cost of goods sold (COGS) ...... .

Cash from investing activities ..... .

Cash, end of year .. . ... .. ...... .

Income tax expense ............ .

Revenue ............. .. ...... .

Total expenses, other than COGS and income tax ....... ...... . .

$10,312.9

{8,685.4)

399.0 57.3 15,740.4 3,207.2 Cash from operating activities ...... .

Noncash assets, end of year ....... .

Cash from financing activities* .... . . .

Total assets, beginning of year .... • ..

Total liabilities, end of year** . ..... . .

Stockholders' equity, end of year .... .

• Cash from financing activities includes the effects of foreign exchange rate fluctuations.

••Total liabilities includes redeemable interest.

Required

a. Prepare the income statement for the year ended May 27, 201 8.

b. Prepare the balance sheet as of May 27, 2018.

c. Prepare the statement of cash flows for the year ended May 27, 2018.

d. Compute ROA.

e. Compute profit margin (PM).

f Compute asset turnover (AT).