Nesww.edu Announcements - FSV5720: Financial Reporting and ... Business Course Return to course Following is selected financial information from General Mills Inc. for its fiscal year ended May 27, 2018 (5 millions). Cost of goods sold (COGS) $10,3129 Cash from operating activities $2,8410 Cash from investing activities (8,6854) Noncash assets, end of year 30.225.0 Cash end of year 399.0 Cash from financing activities 5,4773 Income tax expense 57.3 Total assets, beginning of year 21.8126 Revenue 15,740.4 Total liabilities, end of year 24,131.6 Total expenses, other than COGS 3.207.2 Stockholders' equity, end of year 6,4924 and income tax * 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 General Mills Income Statement (millions) For the year ended May 27, 2018 $ 0 . 0 O 0 0 $ 0 b. Prepare the balance sheet as of May 27, 2018 General Mills Balance Sheet (5 millions) May 27, 2018 . $ o . 0 e 5 0 0 o $ 0 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 General Mills Statement of Cash Flow (5 millions) For the year ended May 27, 2018 5 0 Cash from investing activities Cash from financing activities 0 0 2 . 5 0 esc Q General Mills Balance Sheet (5 millions) May 27, 2018 $ 0 0 $ 0 a $ 0 0 $ 0 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, General Mills Statement of Cash Flow (5 millions) For the year ended May 27, 2018 $ 0 Cash from investing activities Cash from financing activities 0 0 0 $ 0 d. Compute ROA e. Compute profit margin (PM). f. Compute asset turnover (AT). Notes: Round ROA and PM to one decimal place (exc 10.54) Round Asset turnover to two decimal places (0.33) ROA ON 0% 0 PM AT Check