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Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from General Mills Inc. for its fiscal year en Cost of

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Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from General Mills Inc. for its fiscal year en Cost of goods sold (COGS) $11,344.2 Cash from operating activities $3,125.1 Cash from investing activities (9,553.9) Noncash assets, end of year 33.247.5 Cash, end of year 438.9 Cash from financing activities* 6,025.0 Income tax expense 63.0 Total assets, beginning of year 23,993.9 Revenue 17.314.4 Total liabilities, end of year** 26,544.8 Total expenses, other than COGS 3.527.9 Stockholders' equity, end of year 7.141.6 and income tax * Cash from financing activities includes the effects of foreign exchange rate fluctuatic ** Total liabilities includes redeemable interest. a. Prepare the income statement for the year ended May 27, 2018. c. Prepare the statement of cash flows for the year ended May 27, 2018. Note: Use a negative sign with your answer to indicate cash was used by activities and/or a decrease in cas General Mills Statement of Cash Flow ($ millions) For the year ended May 27, 2018 Cash from operating activities $ 3.125.1 Cash from investing activities 9,533.9 X Cash from financing activities 6,025 Net increase (decrease) in cash. 403 X Cash beginning year OX Cash ending year 43,090 X d. Compute ROA e. Compute profit margin (PM). f. Compute asset turnover (AT). Notes: Round ROA and PM to one decimal place (ex: 10.596) Round Asset turnover to two decimal places (0.33) ROA PM 8.25 96 X 13.74 96 x 0.6 AT

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