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$).$

Cash from financing activities includes the effects of foreign exchange rate fluctuations.

$**$ Total liabilities includes redeemable interest.

a$.$ Prepare the income statement for the year ended May $27,2018.$

Note: Do not use negative signs with any of your answers.

b$.$ Prepare the balance sheet as of 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 cash.

d$.$ Compute ROA.

e$.$ Compute profit margin $($PM$).$

f$.$ Compute asset turnover $($AT$).$

Notes:

Round ROA and PM to one decimal place $($ex: $10\mathrm{.}5\%)$

Round Asset turnover to two decimal places $(0\mathrm{.}33)$