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Following is selected financial information from General Mills Inc. for its fiscal year ended May 2 7 , 2 0 1 8 ( $ millions
Following is selected financial information from General Mills Inc. for its fiscal year ended May $ millions
Cost of goods sold COGS $ Cash from operating activities $
Cash from investing activities Noncash assets, end of year
Cash, end of year Cash from financing activities
Income tax expense Total assets, beginning of year
Revenue Total liabilities, end of year
Total expenses, other than COGS Stockholders' equity, end of year
and income tax
Cash from financing activities includes the effects of foreign exchange rate fluctuations.
Total liabilities includes redeemable interest.
a Prepare the income statement for the year ended May
Note: Do not use negative signs with any of your answers.
General Mills
Income Statement $ millions
For the year ended May
b Prepare the balance sheet as of May
General Mills
Balance Sheet $ millions
May
c Prepare the statement of cash flows for the year ended May
Note: Use a negative sign with your answer to indicate cash was used by activities andor a decrease in cash.
General Mills
Statement of Cash Flow $ millions
For the year ended May
Cash from investing activities
Cash from financing activities
d Compute ROA.
e Compute profit margin PM
f Compute asset turnover AT
Notes:
Round ROA and PM to one decimal place ex:
Round Asset turnover to two decimal places
ROA
PM
AT
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