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Following is selected financial information from JM Smucker Co. for the year ended April 30, 2018 ($ millions). a. Prepare the income statement for the
Following is selected financial information from JM Smucker Co. for the year ended April 30, 2018 ($ millions). a. Prepare the income statement for the year ended April 30, 2018.
Note: Do not use negative signs with any of your answers.
J M Smucker Co | |
---|---|
Income Statement ($ millions) | |
For the year ended April 30, 2018 | |
Revenues | |
Cost of product sold | |
Gross profit | |
Expenses | |
Net income |
Current assets, end of year | $1,399.5 | Long-term liabilities, end of year | $5,738.7 |
Cash, end of year | 173.3 | Stockholders' equity, end of year | 7,102.0 |
Cash from investing activities | (249.8) | Cash from operating activities | 1,096.2 |
Cost of products sold | 4,068.9 | Total assets, beginning of year | 14,075.7 |
Total liabilities, end of year | 6,669.1 | Revenue | 6,621.4 |
Cash from financing activities* | (823.1) | Total expenses, other than cost of | 1,347.8 |
Stockholders' equity, beginning of year | 6,165.2 | product sold | |
Dividends paid | 315.3 |
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