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GENERAL MILLS INC. Consolidated Balance Sheet $ millions, except par value May 29, 2016 $ 763.7 1,360.8 1,413.7 399.0 Current assets Cash and cash equivalents...

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GENERAL MILLS INC. Consolidated Balance Sheet $ millions, except par value May 29, 2016 $ 763.7 1,360.8 1,413.7 399.0 Current assets Cash and cash equivalents... Receivables ........ Inventories ......... Prepaid expenses and other current assets Total current assets. . . . . Land, buildings, and equipment. ... ... Goodwill ............ Other intangible assets. ....... Other assets. . . . . . . 3,937.2 3,743.6 8,741.2 4,538.6 751.7 $21,712.3 Total assets. Current liabilities Accounts payable... Current portion of long-term debt ... Notes payable..... Other current liabilities. Total current liabilities. Long-term debt ................. Deferred income taxes.. Other liabilities ...... Total liabilities...... Redeemable interest value.. Stockholders' equity Common stock, 754.6 shares issued, $0.10 par value.... Additional paid-in capital... Retained earnings ....... Common stock in treasury, at cost .......... Accumulated other comprehensive loss. Total stockholders' equity ..... Noncontrolling interests ........ Total equity.... Total liabilities and equity..... $ 2,046.5 1,103.4 269.8 1,595.0 5,014.7 7,057.7 1,399.6 2,087.6 15,559.6 2 845.6 75.5 1,177.0 12,616.5 (6,326.6) (2,612.2) 4,930.2 376.9 5,307.1 $21,712.3 Years Ending June 30 ($ millions) Estimated amortization expense .. 2017 $326 2018 $298 2019 $281 2020 $255 2021 $206 Long-term debt maturities during the next five fiscal years are as follows: Years Ending June 30 ($ millions) Debt maturities. .... 2017 $2,760 2018 $1,323 2019 $2,357 2020 $2,099 2021 $1,387 . Refer to the FY2016 income statement and balance sheet for General Mills along with the forecasted FY2017 income statement Required Use that information and the following assumptions to forecast the General Mills balance sheet for FY2017 Unless noted in other assumptions, all assets and liabilities as a percentage of FY2017 sales, remain unchanged. Depreciation expense for FY2016 is $580.1 million. FY2016 CAPEX is $729.3 million, and its land, buildings, and equipment in FY 2015 total $3,783.3 million. Goodwill remains unchanged. Form 10-K reports that amortization expense for each of the next five fiscal years is estimated to be $28 million. Notes payable remains unchanged Long-term debt footnotes reveal that principal payments due on long-term debt in the next five years are: $1,103.4 million in FY2017, 5604.7 million in FY2018, $1,150.4 million in FY2019, $1,056.0 million in FY2020, and $555.9 million in FY2021. Stock repurchases will be $300 million in FY2017. Dividends in FY2016 are $1,071.7 million and will not change in FY2017 as a percentage of net earnings attributable to General Mills. GENERAL MILLS INC. Consolidated Balance Sheet $ millions, except par value May 29, 2016 $ 763.7 1,360.8 1,413.7 399.0 Current assets Cash and cash equivalents... Receivables ........ Inventories ......... Prepaid expenses and other current assets Total current assets. . . . . Land, buildings, and equipment. ... ... Goodwill ............ Other intangible assets. ....... Other assets. . . . . . . 3,937.2 3,743.6 8,741.2 4,538.6 751.7 $21,712.3 Total assets. Current liabilities Accounts payable... Current portion of long-term debt ... Notes payable..... Other current liabilities. Total current liabilities. Long-term debt ................. Deferred income taxes.. Other liabilities ...... Total liabilities...... Redeemable interest value.. Stockholders' equity Common stock, 754.6 shares issued, $0.10 par value.... Additional paid-in capital... Retained earnings ....... Common stock in treasury, at cost .......... Accumulated other comprehensive loss. Total stockholders' equity ..... Noncontrolling interests ........ Total equity.... Total liabilities and equity..... $ 2,046.5 1,103.4 269.8 1,595.0 5,014.7 7,057.7 1,399.6 2,087.6 15,559.6 2 845.6 75.5 1,177.0 12,616.5 (6,326.6) (2,612.2) 4,930.2 376.9 5,307.1 $21,712.3 Years Ending June 30 ($ millions) Estimated amortization expense .. 2017 $326 2018 $298 2019 $281 2020 $255 2021 $206 Long-term debt maturities during the next five fiscal years are as follows: Years Ending June 30 ($ millions) Debt maturities. .... 2017 $2,760 2018 $1,323 2019 $2,357 2020 $2,099 2021 $1,387 . Refer to the FY2016 income statement and balance sheet for General Mills along with the forecasted FY2017 income statement Required Use that information and the following assumptions to forecast the General Mills balance sheet for FY2017 Unless noted in other assumptions, all assets and liabilities as a percentage of FY2017 sales, remain unchanged. Depreciation expense for FY2016 is $580.1 million. FY2016 CAPEX is $729.3 million, and its land, buildings, and equipment in FY 2015 total $3,783.3 million. Goodwill remains unchanged. Form 10-K reports that amortization expense for each of the next five fiscal years is estimated to be $28 million. Notes payable remains unchanged Long-term debt footnotes reveal that principal payments due on long-term debt in the next five years are: $1,103.4 million in FY2017, 5604.7 million in FY2018, $1,150.4 million in FY2019, $1,056.0 million in FY2020, and $555.9 million in FY2021. Stock repurchases will be $300 million in FY2017. Dividends in FY2016 are $1,071.7 million and will not change in FY2017 as a percentage of net earnings attributable to General Mills

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