Individual Homework #1 Problem #2: General Mills, Inc.'s Financial Statements (26 points) You will use the financial statements in the excerpts from the form 10-K of General Mills, Inc. for its fiscal year that is available of Sakai to answer the questions in this problem. 1) General Mills, Inc.'s fiscal year normally contains exactly 52 weeks with a 53 week added approximately every six years to maintain the year-end date at the last Sunday in May. (2 points) 2018 2017 and 2017 fiscal years ended 17 2) Demonstrate your understanding oi the degree of rounding used by General Mills, Inc. in reporting its rinancial statement amounts, other than per share amounts. Complete the following example by entering the amount of the item requested including the zeros that were rounded off. (2 points) What was the amount of cash on hand and in banks and highly-liquid investments owned by General Mills, Inc. at May 27, 2018? Name: Amount: DO NOT INCLUDE THE ROUDED OFF ZEROS IN ANY PROBLEMS FROM THIS POINT FORWARD. 2) Identify the following financial statement items reported by General Mills, Inc. at May 27, 2018. Enter the names of the items described and their amounts at May 27, 2018 in the spaces provided. (2 points each 8 points) a) What was the total amount of the resources owned by the General Mills, Inc. that were expected to provide a future economic benefit at May 27, 2018? Name: Amount: b) What was the amount of the total claims against the resources of General Mills, Inc. at May 27, 2018? Name: Amount: c) What was the total amount of the creditor claims against the resources of General Mills, Inc. at May 27, 2018? Name: Amount: Individual Homework #1 Problem #2: General Mills, Inc.'s Financial Statements (26 points) You will use the financial statements in the excerpts from the form 10-K of General Mills, Inc. for its fiscal year that is available of Sakai to answer the questions in this problem. 1) General Mills, Inc.'s fiscal year normally contains exactly 52 weeks with a 53 week added approximately every six years to maintain the year-end date at the last Sunday in May. (2 points) 2018 2017 and 2017 fiscal years ended 17 2) Demonstrate your understanding oi the degree of rounding used by General Mills, Inc. in reporting its rinancial statement amounts, other than per share amounts. Complete the following example by entering the amount of the item requested including the zeros that were rounded off. (2 points) What was the amount of cash on hand and in banks and highly-liquid investments owned by General Mills, Inc. at May 27, 2018? Name: Amount: DO NOT INCLUDE THE ROUDED OFF ZEROS IN ANY PROBLEMS FROM THIS POINT FORWARD. 2) Identify the following financial statement items reported by General Mills, Inc. at May 27, 2018. Enter the names of the items described and their amounts at May 27, 2018 in the spaces provided. (2 points each 8 points) a) What was the total amount of the resources owned by the General Mills, Inc. that were expected to provide a future economic benefit at May 27, 2018? Name: Amount: b) What was the amount of the total claims against the resources of General Mills, Inc. at May 27, 2018? Name: Amount: c) What was the total amount of the creditor claims against the resources of General Mills, Inc. at May 27, 2018? Name: Amount