1 #1 H 2 3 4 5 Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from JM Smucker Co. for the year ended April 30, 2018 (5 millions). 6 7 8 Current assets, end of year Cash, end of year. Cash from investing activities Cost of product sold. Total liabilities, end of year Cash from financing activities' Stockholders' equity, beginning of year... 9 $1,555.0 Long-term liabilites, end of year. 192.6 Stockholders' equity, end of year (2777.6) Cash from operating activities 4,521.0 Total assets, beginning of year. 7.410.1 Revenue. (914.6) Total expenses, other than cost of product sold 6,850.2 Dividends pald $ 6,376.3 7,891.1 1,218.0 15,639.7 7,357.1 10 11 12 1,497.5 350.3 13 14 Cash from financing activities includes the effects of foreign exchange rate fluctuations. 15 16 Required a. Prepare the income statement for the year ended April 30, 2018. b. Prepare the balance sheet as of April 30, 2018. 17 18 -U10H 19 20 d. Compute ROA. e. Compute profit margin (PM). f. Compute asset tumover (AT). 2. Compute ROE. 21 22 23 24 25 26 27 JM Smucker Co. Balance Sheet 28 All sx questions-Instructions Ans #1 Ans #2 Ans # 3 Ans #4 Ans #5 Ans #6 Ready