Formulating Financial Statements from Raw Data Following is selected financial information from General Mills, Inc., for its fiscal year ended May 26, 2013 (5 millions): Revenue $17,774.1 Cash from operating activities 2.926.0 Cash, beginning year 471,2 Stockholders' equity 8,096,0 Noncash assets 21,916.6 Cash from financing activities 11,100.4 Cost of goods sold 11.350.2 Total expenses (other than cost of goods sold) 4,568.7 Cash, ending year 7414 Total liabilties 14,562.0 Cash from investing activities (1.515.4 (a) Prepare the income statement, the balance sheet, and the statement of cash flows for General Mills for the fiscal year ended May 26, 2013 Hint: Enter negative numbers only for answers in the statement of cash flows (if applicable) General Mills, Inc. Income Statement(s millions) For Year Ended May 26, 2013 Revenue Gross profit Net Income General Mills, Inc. Balance Sheets millions) May 26, 2013 Totalbandys General Millsing Statement of Cash Flows For Year Ended May 26 2011 Cash from financing activities (0) Does the negative amount for cash from financing activities concern us? Explain. Anegative amount for cash from facing activisin olles that the comenyinatle to pay its debts at they come due and should be interpreted negatively Anetve amount for cash from financing activities is the result of adnaborrow because the additional funds are invested i n generating a t the should be viewed pastvy Anegative amount for cash from financing actrales implies that the market value of the companys long term dete has declined and win charge should be viewed negatively A negative amount for cash from financing actites refers the reduction of long-term det, which is a positives of the company's ability to retire debt oblations A negative amount for cash from financing activities reflects the reduction of long-term debt, which is a positive sign of the company's ability to retire debt obligations (C) Using the statements prepared for part a compute the following ratios (for this part only use the year-end balance instead of the average for assets and stockholders' equity: Round answers to two decimal places (example for percentage answers: 0.12345 - 12.3516). f) Profit margin (10) Asset turnover Return on assets Return on equity