1.Average collection period

2.Inventory turnover

3.Days' sales in inventory

4.Debt-to-equity ratio

5.Times-interest-earned ratio

6.Operating-cash-flow-to-capital-expenditures ratio

7.Earnings per share

8.Price-earnings ratio

9.Dividend yield

10.Dividend payout ratio

Total assets 2017 = $21,812.6

Total stockholders' equity 2017 = $4,327.9

Total current liabilities 2017 = $5,330.8

Accounts receivable 2017 = $1,430.1

Inventory 2017 = $1,483.6

Year-end closing stock price May 2019 = $50.93

Year-end closing stock price May 2018 = $39.37

Year 2019

In Millions, Except Per Share Data, Percentages and Ratios Fiscal Year 2019 (a) 2018 2017 2016 2015 (b) Operating data: Net sales $ 16,865.2 $ 15,740.4 $ 15,619.8 $ 16,563.1 $ 17,630.3 Gross margin (c) (d) 5,756.8 5,435.6 5,567.8 5,843.3 5,967.8 Selling, general, and administrative expenses (d) 2,935.8 2,850.1 2,888.8 3,141.4 3,389.9 Operating profit (d) 2,515.9 2,419.9 2,492.1 2,719.1 2,071.8 Net earnings attributable to General Mills 1,752.7 2,131.0 1,657.5 1,697.4 1,221.3 Advertising and media expense 601.6 575.9 623.8 754.4 823.1 Research and development expense 221.9 219.1 218.2 222.1 229.4 Average shares outstanding: Diluted 605.4 585.7 598.0 611.9 618.8 Earnings per share: Diluted $ 2.90 $ 3.64 $ 2.77 $ 2.77 $ 1.97 Adjusted diluted (c) (e) $ 3.22 $ 3.11 $ 3.08 $ 2.92 $ 2.86 Operating ratios: Gross margin as a percentage of net sales (d) 34.1% 34.5% 35.6% 35.3% 33.8% Selling, general, and administrative expenses as a percentage of net sales (d) 17.4% 18.1% 18.5% 19.0% 19.2% Operating profit as a percentage of net sales (d) 14.9% 15.4% 16.0% 16.4% 11.8% Adjusted operating profit as a percentage of net sales (c) (d) (e) 16.9% 16.6% 17.6% 16.8% 15.7% Effective income tax rate 17.7% 2.7% 28.8% 31.4% 33.3% Balance sheet data: Land, buildings, and equipment $ 3,787.2 $ 4,047.2 $ 3,687.7 $ 3,743.6 $ 3,783.3 Total assets 30,111.2 30,624.0 21,812.6 21,712.3 21,832.0 Long-term debt, excluding current portion 11,624.8 12,668.7 7,642.9 7,057.7 7,575.3 Total debt (c) 14,490.0 15,818.6 9,481.7 8,430.9 9,191.5 Cash flow data: Net cash provided by operating activities (f) $ 2,807.0 $ 2,841.0 $ 2,415.2 $ 2,764.2 $ 2,648.5 Capital expenditures 537.6 622.7 684.4 729.3 712.4 Free cash flow (c) 2,269.4 2,218.3 1,730.8 2,034.9 1,936.1 Share data: Cash dividends per common share $ 1.96 $ 1.96 $ 1.92 $ 1.78 $ 1.67