I need General Mills profitability analysis for 2016. I have the one for Kimberly Clark for 2010 please follow it.

	KIMBERLY-CLARK CORPORATION
	Level 1 Profitability Analysis
					2010
	ROCE = CI/Ave CSE				38.15%
	ROCE before MI				38.01%
	RNOA = OI/Ave NOA				22.19%
	Financial Leverage drivers
	NBC = NFE/Ave NFO				2.78%
	Spread = RNOA - NBC				19.41%
	FLEV = NFO/(CSE + MI)				0.816
	Operating liability leverage drivers
	Implicit interest on OL				$52.05
	ROOA				14.09%
	Short borrow rate after tax				0.76%
	OLSPREAD				13.50%
	OLLEV = OL/NOA				0.608%

Check that the leverage equations work:

ROCE before MI = RNOA + [FLEV (RNOA NBC)]

= 22.19% + [0.816 (22.19%- 2.78%)]

= 38.01%

RNOA = ROOA + OLLEV [(ROOA S/T Borrowing Rate)] = 14.09% + [0.608 (14.09% - 0.76%)]

= 22.19%

(allow for rounding error)

PROFITABILITY ANALYSIS: Level 2 and 3

(proceed to next page)

SENSITIVITY ANALYSIS

Change the inputs and see how the outputs change. If you put the numbers above into a spreadsheet, youll do this very efficiently. The web page for Chapter 12 provides an engine and, of course, BYOAP has a full spreadsheet product.