4. Locate income statement, balance sheet, and cash flow statements for May 31, 2020 and 2019 for General Mills Inc. Use these statements for the calculations in question 5.

5. Calculate for the last 2 fiscal years:

a. Net Profit Margin

b. Current Ratio, Total Asset Turnover,

c. Total Assets divided by Common Equity

d. Return on Assets and Return on Equity, using the du Pont formula

e. What are its two largest sources and uses of cash in the latest year?

f. How does the company appear to be performing?

g. What would you investigate further concerning its financial performance?

Income Statement All numbers in thousands Expand All Get access to 40+ years of historical data with Yahoo Finance Premium. Learn more Breakdown TTM 5/31/2020 5/31/2019 > Total Revenue 17,626,600 17,626,600 16,865,200 Cost of Revenue 11,496,700 11,496,700 11,108,400 Gross Profit 6,129,900 6,129,900 5,756,800 > Operating Expense 3,151,600 3,151,600 2,935,800 Operating Income 2,978,300 2,978,300 2,821,000 > Net Non Operating Interest Inc... -466,500 -466,500 -521,800 > Other Income Expense 88,400 88,400 -217,200 Pretax Income 2,600,200 2,600,200 2,082,000 Tax Provision 480,500 480,500 367,800 Earnings from Equity Interest Net ... 91,100 91,100 72,000 > Net Income Common Stockhold... 2,181,200 2,181,200 1,752,700 Diluted NI Available to Com Stock... 2,181,200 2,181,200 1,752,700 Basic EPS 0.0029 Diluted EPS 0.0029 Basic Average Shares 600,400 Diluted Average Shares 605,400 Total Operating Income as Reported 2,953,900 2,953,900 2,515,900 Total Expenses 14,648,300 14,648,300 14,044,200 Net Income from Continuing & Dis... 2,181,200 2,181,200 1,752,700 Normalized Income 2,201,086 2,201,086 2,003,797 Interest Income 6,000 6,000 5,600 Interest Expense 472,500 472,500 527,400 Net Interest Income -466,500 -466,500 -521,800 EBIT 3,072,700 3,072,700 2,609,400 EBITDA 3,667,400 Reconciled Cost of Revenue 11,496,700 11,496,700 11,108,400 Reconciled Depreciation 594,700 594,700 620,100 Net Income from Continuing Oper... 2,181,200 2,181,200 1,752,700 Total Unusual Items Excluding Goo... -24,400 -24,400 -305,100 Total Unusual Items -24,400 -24,400 -305,100 Normalized EBITDA 3,691,800 3,691,800 3,534,600 Tax Rate for Calcs 0 0 0 Tax Effect of Unusual Items -4,514 -4,514 -54,003 Balance Sheet All numbers in thousands Get access to 40+ years of historical data with Yahoo Finance Premium. Learn more Breakdown 5/31/2020 5/31/2019 > Total Assets 30,806,700 30,111,200 > Total Liabilities Net Minority Int... 22,457,200 22,743,500 > Total Equity Gross Minority Inte... 8,349,500 7,367,700 Total Capitalization 18,987,500 18,679,300 Common Stock Equity 8,058,500 7,054,500 Capital Lease Obligations 379,000 Net Tangible Assets -12,960,500 -14,108,100 Working Capital -2,370,200 -2,900,600 Invested Capital 21,598,000 21,544,500 Tangible Book Value -12,960,500 -14,108,100 Total Debt 13,918,500 14,490,000 Net Debt 11,861,700 14,040,000 Share Issued 754,600 754,600 Ordinary Shares Number 609,800 601,900 Treasury Shares Number 144,800 152,700 Do Cash Flow All numbers in thousands Expand All Get access to 40+ years of historical data with Yahoo Finance Premium. Learn more Breakdown TTM 5/31/2020 5/31/2019 > Operating Cash Flow 3,676,200 3,676,200 2,807,000 > Investing Cash Flow -486,200 -486,200 -556,500 > Financing Cash Flow -1,941,500 -1,941,500 -2,176,400 > End Cash Position 1,677,800 1,677,800 450,000 Capital Expenditure -460,800 -460,800 -537,600 Issuance of Capital Stock 0 0 0 Issuance of Debt 1,638,100 1,638,100 339,100 Repayment of Debt -1,396,700 -1,396,700 -1,493,800 Repurchase of Capital Stock -3,400 -3,400 -1,100 Free Cash Flow 3,215,400 3,215,400 2,269,400