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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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