General Mills, Inc. The fiscal year 2017 annual report of Gen- cral Mills, Inc. is available on this book's web site. Required Calculate (or identify) the following financial ratios for 2016 and 2017: 1. Gross profit percentage a. 2. Return on sales $21,832.0 milon) 3. Asset turnover (2015, total assets = 4. Return on assets (2015, total assets = $21,832.0 million) 5. Returm on common stockholders' equity (2015, total stockholders' equity = $4.996,7 million) 6. Current ratio 7. Quick ratio 8. Operating-cash-flow-to-current-liabilities ratio (2015. current liabilities = $4,890,1 million) 9. Accounts receivable tumover (2015, accounts receivable = $1,386.7 million) 10. Average collection period 11. Inventory tumover (2015, inventory = $1.540.9 million) 12. Days" sales in inventory 13. Debt-to-equity ratio 14. Times-interest-carned ratio 15. Operating-cash-flow-to-capital-expenditures ratio 16. Earnings per share 17. Price-earnings 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 Comment briefly on the changes from fiscal 2016 to fiscal 2017 in the ratios computed above. %3! %3! b. Fiscal 2019 Financial Highlights Change on a constant- In millions, except per share and profit margin data 52 weeks ended May 26, 2019 52 weeks ended May 27, 2018 % Change currency basis* Net Sales $16,865 $15,740 7% 9% Organic Net Sales Flat Operating Profit $2,516 $2,420 4% Operating Profit Margin 14. 9% 15.4% -50 bps Adjusted Operating Profit $2,858 $2,613 9% T0% Adjusted Operating Profit Margin 16.9% 16.6% +30 bps Net Earnings Attributable to General Mills $1,753 $2131 -18% Diluted Earnings per Share (EPS) $2.90 $3.64 -20% Adjusted Diluted EPS $3.22 $3.11 4% 4% Average Diluted Shares Outstanding 605 586 3% Dividends per Share $1.96 $1.96 Flat Net Sales Dollars in millions Adjusted Operating Profit* Adjusted Diluted Earnings per Share Free Cash Flow* Dollars in millions NOTES EYK 14-5-General Mills to calculate averages use (lcurrent year balance prior year balance) / 2) round percentages to 1 decimal place: round other answers to 2 decimal places FY 2019 FY 2018 insert the formulo here Gross profit percentage Return on sales Asset turmover Return on assets heturn on common stockhokders' equity Current ratio Ouick rato Operating cash flow to current labilities ratio Accounts receivable turnover Average collection period inventory turnover Days sales in inventory Debt to equity ratio Times interest earned Operating cash flow to capital expenditures ratio Earnings per share Price-earnings ratio Dividend yleld Dividend payout ratie 17. Price-earnings ratio 18. Dividend yield 19. 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 %3D %3D %3D %3D %3D Perform a comparative analysis of the data between the two years. Com changes from fiscal 2018 to 2019. Identify trends and explain the implic General Mills, Inc. The fiscal year 2017 annual report of Gen- cral Mills, Inc. is available on this book's web site. Required Calculate (or identify) the following financial ratios for 2016 and 2017: 1. Gross profit percentage a. 2. Return on sales $21,832.0 milon) 3. Asset turnover (2015, total assets = 4. Return on assets (2015, total assets = $21,832.0 million) 5. Returm on common stockholders' equity (2015, total stockholders' equity = $4.996,7 million) 6. Current ratio 7. Quick ratio 8. Operating-cash-flow-to-current-liabilities ratio (2015. current liabilities = $4,890,1 million) 9. Accounts receivable tumover (2015, accounts receivable = $1,386.7 million) 10. Average collection period 11. Inventory tumover (2015, inventory = $1.540.9 million) 12. Days" sales in inventory 13. Debt-to-equity ratio 14. Times-interest-carned ratio 15. Operating-cash-flow-to-capital-expenditures ratio 16. Earnings per share 17. Price-earnings 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 Comment briefly on the changes from fiscal 2016 to fiscal 2017 in the ratios computed above. %3! %3! b. Fiscal 2019 Financial Highlights Change on a constant- In millions, except per share and profit margin data 52 weeks ended May 26, 2019 52 weeks ended May 27, 2018 % Change currency basis* Net Sales $16,865 $15,740 7% 9% Organic Net Sales Flat Operating Profit $2,516 $2,420 4% Operating Profit Margin 14. 9% 15.4% -50 bps Adjusted Operating Profit $2,858 $2,613 9% T0% Adjusted Operating Profit Margin 16.9% 16.6% +30 bps Net Earnings Attributable to General Mills $1,753 $2131 -18% Diluted Earnings per Share (EPS) $2.90 $3.64 -20% Adjusted Diluted EPS $3.22 $3.11 4% 4% Average Diluted Shares Outstanding 605 586 3% Dividends per Share $1.96 $1.96 Flat Net Sales Dollars in millions Adjusted Operating Profit* Adjusted Diluted Earnings per Share Free Cash Flow* Dollars in millions NOTES EYK 14-5-General Mills to calculate averages use (lcurrent year balance prior year balance) / 2) round percentages to 1 decimal place: round other answers to 2 decimal places FY 2019 FY 2018 insert the formulo here Gross profit percentage Return on sales Asset turmover Return on assets heturn on common stockhokders' equity Current ratio Ouick rato Operating cash flow to current labilities ratio Accounts receivable turnover Average collection period inventory turnover Days sales in inventory Debt to equity ratio Times interest earned Operating cash flow to capital expenditures ratio Earnings per share Price-earnings ratio Dividend yleld Dividend payout ratie 17. Price-earnings ratio 18. Dividend yield 19. 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 %3D %3D %3D %3D %3D Perform a comparative analysis of the data between the two years. Com changes from fiscal 2018 to 2019. Identify trends and explain the implic General Mills, Inc. The fiscal year 2017 annual report of Gen- cral Mills, Inc. is available on this book's web site. Required Calculate (or identify) the following financial ratios for 2016 and 2017: 1. Gross profit percentage a. 2. Return on sales $21,832.0 milon) 3. Asset turnover (2015, total assets = 4. Return on assets (2015, total assets = $21,832.0 million) 5. Returm on common stockholders' equity (2015, total stockholders' equity = $4.996,7 million) 6. Current ratio 7. Quick ratio 8. Operating-cash-flow-to-current-liabilities ratio (2015. current liabilities = $4,890,1 million) 9. Accounts receivable tumover (2015, accounts receivable = $1,386.7 million) 10. Average collection period 11. Inventory tumover (2015, inventory = $1.540.9 million) 12. Days" sales in inventory 13. Debt-to-equity ratio 14. Times-interest-carned ratio 15. Operating-cash-flow-to-capital-expenditures ratio 16. Earnings per share 17. Price-earnings 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 Comment briefly on the changes from fiscal 2016 to fiscal 2017 in the ratios computed above. %3! %3! b. Fiscal 2019 Financial Highlights Change on a constant- In millions, except per share and profit margin data 52 weeks ended May 26, 2019 52 weeks ended May 27, 2018 % Change currency basis* Net Sales $16,865 $15,740 7% 9% Organic Net Sales Flat Operating Profit $2,516 $2,420 4% Operating Profit Margin 14. 9% 15.4% -50 bps Adjusted Operating Profit $2,858 $2,613 9% T0% Adjusted Operating Profit Margin 16.9% 16.6% +30 bps Net Earnings Attributable to General Mills $1,753 $2131 -18% Diluted Earnings per Share (EPS) $2.90 $3.64 -20% Adjusted Diluted EPS $3.22 $3.11 4% 4% Average Diluted Shares Outstanding 605 586 3% Dividends per Share $1.96 $1.96 Flat Net Sales Dollars in millions Adjusted Operating Profit* Adjusted Diluted Earnings per Share Free Cash Flow* Dollars in millions NOTES EYK 14-5-General Mills to calculate averages use (lcurrent year balance prior year balance) / 2) round percentages to 1 decimal place: round other answers to 2 decimal places FY 2019 FY 2018 insert the formulo here Gross profit percentage Return on sales Asset turmover Return on assets heturn on common stockhokders' equity Current ratio Ouick rato Operating cash flow to current labilities ratio Accounts receivable turnover Average collection period inventory turnover Days sales in inventory Debt to equity ratio Times interest earned Operating cash flow to capital expenditures ratio Earnings per share Price-earnings ratio Dividend yleld Dividend payout ratie 17. Price-earnings ratio 18. Dividend yield 19. 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 %3D %3D %3D %3D %3D Perform a comparative analysis of the data between the two years. Com changes from fiscal 2018 to 2019. Identify trends and explain the implic General Mills, Inc. The fiscal year 2017 annual report of Gen- cral Mills, Inc. is available on this book's web site. Required Calculate (or identify) the following financial ratios for 2016 and 2017: 1. Gross profit percentage a. 2. Return on sales $21,832.0 milon) 3. Asset turnover (2015, total assets = 4. Return on assets (2015, total assets = $21,832.0 million) 5. Returm on common stockholders' equity (2015, total stockholders' equity = $4.996,7 million) 6. Current ratio 7. Quick ratio 8. Operating-cash-flow-to-current-liabilities ratio (2015. current liabilities = $4,890,1 million) 9. Accounts receivable tumover (2015, accounts receivable = $1,386.7 million) 10. Average collection period 11. Inventory tumover (2015, inventory = $1.540.9 million) 12. Days" sales in inventory 13. Debt-to-equity ratio 14. Times-interest-carned ratio 15. Operating-cash-flow-to-capital-expenditures ratio 16. Earnings per share 17. Price-earnings 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 Comment briefly on the changes from fiscal 2016 to fiscal 2017 in the ratios computed above. %3! %3! b. Fiscal 2019 Financial Highlights Change on a constant- In millions, except per share and profit margin data 52 weeks ended May 26, 2019 52 weeks ended May 27, 2018 % Change currency basis* Net Sales $16,865 $15,740 7% 9% Organic Net Sales Flat Operating Profit $2,516 $2,420 4% Operating Profit Margin 14. 9% 15.4% -50 bps Adjusted Operating Profit $2,858 $2,613 9% T0% Adjusted Operating Profit Margin 16.9% 16.6% +30 bps Net Earnings Attributable to General Mills $1,753 $2131 -18% Diluted Earnings per Share (EPS) $2.90 $3.64 -20% Adjusted Diluted EPS $3.22 $3.11 4% 4% Average Diluted Shares Outstanding 605 586 3% Dividends per Share $1.96 $1.96 Flat Net Sales Dollars in millions Adjusted Operating Profit* Adjusted Diluted Earnings per Share Free Cash Flow* Dollars in millions NOTES EYK 14-5-General Mills to calculate averages use (lcurrent year balance prior year balance) / 2) round percentages to 1 decimal place: round other answers to 2 decimal places FY 2019 FY 2018 insert the formulo here Gross profit percentage Return on sales Asset turmover Return on assets heturn on common stockhokders' equity Current ratio Ouick rato Operating cash flow to current labilities ratio Accounts receivable turnover Average collection period inventory turnover Days sales in inventory Debt to equity ratio Times interest earned Operating cash flow to capital expenditures ratio Earnings per share Price-earnings ratio Dividend yleld Dividend payout ratie 17. Price-earnings ratio 18. Dividend yield 19. 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 %3D %3D %3D %3D %3D Perform a comparative analysis of the data between the two years. Com changes from fiscal 2018 to 2019. Identify trends and explain the implic