14-5. Accounting Research Problem: General Mills, Inc. The fiscal year 2017 annual report of Gen- eral Mills, Inc. is available on this book's web site. Required a. Calculate (or identify) the following financial ratios for 2016 and 2017: 1. Gross profit percentage 2 Return on sales 3 Asset turnover (2015, total assets $21.832.0million) 4. Return on assets 2015, total assets = S21,832.0million) 5. Return on common stockholders' equity (2015, total stockholders' equity= $4.996.7 millicn 6 Current ratio 7 Quick ratio 8. Operating-cash-flow-to-curent-liabilities ratio (2015, current liabilities million) 9. Accounts receivable tumover (2015, accounts receivable $1.386.7 million) 10. Average collection period 11. Inventory turnover (2015, inventory SI 540.9 million) 12. Days sales in inventory 13. Debt-to-equity ratio 14. Times-interest-earned ratio 15. Operating-cash-flow-to-capital-expenditures ratio 16. Earnings per share 17. Price-carnings ratio (Use year-end adjusted closing stock price of $57.32 for 2017 and $63.69 for 2016.) 18. Dividend yield 19. Dividend payout ratio b. Comment briefly on the changes from fiscal 2016 to fiscal 2017 in the ratios computed above. $4.890.1 14-5. Accounting Research Problem: General Mills, Inc. The fiscal year 2017 annual report of Gen- eral Mills, Inc. is available on this book's web site. Required a. Calculate (or identify) the following financial ratios for 2016 and 2017: 1. Gross profit percentage 2 Return on sales 3 Asset turnover (2015, total assets $21.832.0million) 4. Return on assets 2015, total assets = S21,832.0million) 5. Return on common stockholders' equity (2015, total stockholders' equity= $4.996.7 millicn 6 Current ratio 7 Quick ratio 8. Operating-cash-flow-to-curent-liabilities ratio (2015, current liabilities million) 9. Accounts receivable tumover (2015, accounts receivable $1.386.7 million) 10. Average collection period 11. Inventory turnover (2015, inventory SI 540.9 million) 12. Days sales in inventory 13. Debt-to-equity ratio 14. Times-interest-earned ratio 15. Operating-cash-flow-to-capital-expenditures ratio 16. Earnings per share 17. Price-carnings ratio (Use year-end adjusted closing stock price of $57.32 for 2017 and $63.69 for 2016.) 18. Dividend yield 19. Dividend payout ratio b. Comment briefly on the changes from fiscal 2016 to fiscal 2017 in the ratios computed above. $4.890.1