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Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from JM Smucker Co. for the year ended April 30, 2018
Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from JM Smucker Co. for the year ended April 30, 2018 ($ millions). Current assets, end of year Cash, end of year Cash from investing activities Cost of products sold $1,555.0 Long-term liabilities, end of year 192.6 Stockholders' equity, end of year (277.6) Cash from operating activities 4,521.0 Total assets, beginning of year 7,410.1 Revenue $6,376.3 7,891.1 1,218.0 15,639.7 7,357.1 Total liabilities, end of year Cash from financing activities* (914.6) Total expenses, other than cost of 1,497.5 Stockholders' equity, beginning of year 6,850.2 product sold Dividends paid 350.3 * Cash from financing activities includes the effects of foreign exchange rate fluctuations. b. Prepare the balance sheet as of April 30, 2018. Current assets $ Long-term assets JM Smucker Co Balance Sheet ($ millions) April 30, 2018 0 Current liabilities 0 Long-term liabilities Total liabilities 0 0 0 0 Total assets $ 0 Total liabilities and equity $ 0 Stockholders' equity c. Prepare the statement of cash flows for the year ended April 30, 2018. Note: Use a negative sign with your answer to indicate cash was used by activities and/or a decrease in cash. JM Smucker Co Statement of Cash Flow ($ millions) For the year ended April 30, 2018 Cash from operating activities Cash from investing activities Cash from financing activities Net increase (decrease) in cash Cash, beginning of year Cash, end of year $ 0 0 0 0 0 $ 0 d. Compute ROA. e. Compute profit margin (PM). f. Compute asset turnover (AT). g. Compute ROE. Notes: Round ROA, PM, and ROE to one decimal place (ex: 10.5%). Round AT (asset turnover) to two decimal places (0.33). ROA 0% PM 0% AT 0 ROE 0% a. Prepare the income statement for the year ended April 30, 2018. Note: Do not use negative signs with any of your answers. JM Smucker Co Income Statement ($ millions) For the year ended April 30, 2018 Revenues 0 Cost of product sold 0 Gross profit Expenses Net income 0 0 +A $ 0
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