READING THE STOCKHOLDERS’ EQUITY SECTION. The following information is taken from financial statements and notes included in the annual report of General Mills:

REQUIRED:
1. How many shares of General Mills common stock were outstanding at May 30, 1993?
2. During the year, General Mills paid cash dividends totaling $270.6 million. Calculate the approximate cash dividend per share for the year.

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GENERAL MILLS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS [Excerpt] (in millions) Stockholders' Equity: Common stock, 204.2 shares issued Retained earnings Less common stock in treasury, at cost, shares of 43.7 Unearned compensation Cumulative foreign currency adjustment Total Stockholders' Equity May 30, 1993 $ 358.7 2,284.5 (1,196.4) (167.5) (60.8) $ 1,218.5