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Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from JM Smucker Co . for a recent fiscal year (

Formulating Financial Statements from Raw Data and Calculating Ratios
Following is selected financial information from JM Smucker Co. for a recent fiscal year ($ millions).
Current assets, end of year $2,412.1 Noncurrent liabilities, end of year $7,154.5
Cash, end of year 203.9 Stockholders' equity, end of year 9,768.1
Cash for investing activities (426.6) Cash from operating activities 1,363.6
Cost of product sold 6,357.8 Total assets, beginning of year 19,541.0
Total liabilities, end of year 9,497.9 Revenue 9,598.7
Cash for financing activities (1,134.2) Total expenses, other than cost of product sold 2,482.8
Stockholders' equity, beginning of year 9,749.8 Dividends paid (501.7)
Compute ROA

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