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options for drop menu under sales and other expenses, including income taxes options for the drop down menu b. What portion of the financing is
options for drop menu under sales and other expenses, including income taxes
options for the drop down menu
b. What portion of the financing is contributed by owners? (Round your answer to one decimal place.) Answer has to be in %
Formulating Financial Statements from Raw Data Assume the following is selected financial information from General Mills, Inc., for its fiscal year ended May 25, 2014 ($ millions): $619.6 Cash and Cash Equivalents Net Cash from Operations Sales Stockholders' Equity Cost of Goods Sold Net Cash from Financing Total Liabilities 1,556 14,880.2 6,612.2 8,926.7 (865.3) 12,062.3 4,150.0 18,054.9 (715.1) 1,803.5 (29.2) Other Expenses, including income taxes Noncash Assets Net Cash from Investing Net Income Effect of exchange rate changes on cash Cash, beginning year 673.2 Required a. Prepare an income statement, balance sheet, and statement of cash flows for General Mills, Inc. Note: Use negative signs with your answers for the statement of cash flows, when appropriate. GENERAL MILLS, INC. INCOME STATEMENT For Year Ended May 25, 2014 ($ millions) Sales $ o A O > 0 Other Expenses, including income taxes Olo Required a. Prepare an income statement, balance sheet, and statement of cash flows for General Mills, Inc. Note: Use negative signs with your answers for the statement of cash flows, when appropriate. GENERAL MILLS, INC. INCOME STATEMENT For Year Ended May 25, 2014 ($ millions) Sales $ 0 0 0 S 0 0 Net cash from operations Stockholders' equity Cash, beginning year Gross profit Net cash from financing Noncash assets Total liabilities Net cash from investing Net income Cost of goods sold RAL MILLS, INC. LANCE SHEET lay 25, 2014 ($ millions) GENERAL MILLS, INC. BALANCE SHEET May 25, 2014 ($ millions) Cash and Cash Equivalents $ 0 . $ 0 A 0 A 0 Total Assets $ 0 Total Liabilities and Equity $ 0 GENERAL MILLS, INC. STATEMENT OF CASH FLOWS For Year Ended May 25, 2014 ($ millions) $ 0 0 0 0 Effect of exchange rates on cash Net change in cash 0 0 Cash, ending year $ O Net cash from operations Stockholders' equity Cash, beginning year Gross profit Net cash from financing Noncash assets Total liabilities Net cash from investing Net income Cost of goods soldStep by Step Solution
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