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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 ended May
Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from General Mills Inc. for its fiscal year ended May 27, 2018 ($ millions). Cost of goods sold (COGS) Cash from investing activities Cash, end of year Income tax expense Revenue Total expenses, other than COGS and income tax $3,693.3 39,292.5 7,120.5 28,356.4 31,371.1 $13,406.8 Cash from operating activities (11,291.0) Noncash assets, end of year 518.7 Cash from financing activities* 74.5 Total assets, beginning of year 20,462.5 Total liabilities, end of year** 4,169.4 Stockholders' equity, end of year 8,440.1 * Cash from financing activities includes the effects of foreign exchange rate fluctuations. ** Total liabilities includes redeemable interest.
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