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Assume the following is selected financial information from General Mills, Inc., for its fiscal year ended May 27, 2018 ($ millions): Cash and Cash Equivalents
Assume the following is selected financial information from General Mills, Inc., for its fiscal year ended May 27, 2018 ($ millions):
Cash and Cash Equivalents | $399.0 |
Net Cash from Operations | 2,841.0 |
Sales | 15,740.4 |
Stockholders' Equity | 6,492.4 |
Cost of Goods Sold | 10,312.9 |
Net Cash from Financing | 5,445.5 |
Total Liabilities | 24,131.6 |
Other Expenses, including income taxes | 3,264.5 |
Noncash Assets | 30,225.0 |
Net Cash from Investing | (8,685.4) |
Net Income | 2,163.0 |
Effect of exchange rate changes on cash | 31.8 |
Cash, beginning year | 766.1 |
Required a. Prepare an income statement, balance sheet, and statement of cash flows for General Mills, Inc.
Note: Use negative signs with your answers for the statement of cash flows, when appropriate.
b. What portion of the financing is contributed by owners? (Round your answer to one decimal place.)
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