Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PART A Provide the following information, include the formula, FY 2019, and FY 2018 PART B Please include an analysis of the information. Using the

PART A

Provide the following information, include the formula, FY 2019, and FY 2018

PART B

Please include an analysis of the information.

Using the fiscal year end 2020 annual report for General Mills, Inc. and the figures from the

2020 annual report as noted below, calculate the financial ratios for 2020 and 2019 indicated

using the EXCEL template provided:

Gross profit percentage

Return on sales

Asset turnover

Return on assets

Return on common stockholders equity

Current ratio

Quick ratio

Operating-cash-flow-to-current-liabilities ratio

Accounts receivable turnover

Average collection period

Inventory turnover

Days sales in inventory

Debt-to-equity ratio

Times-interest-earned ratio

Operating-cash-flow-to-capital-expenditures ratio

Earnings per share

Price-earnings ratio

Dividend yield

Dividend payout ratio

Total assets 2020 = $30,806.7

Total stockholders equity 2020 = $8,349.5

Total current liabilities 2020 = $7,491.5

Accounts receivable 2020 = $1,615.1

Inventory 2020 = $1,426.3

Year-end closing stock price May 2020 = $58.80

Year-end closing stock price May 2019 = $53.56

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Our operating segment results were as follows: Net sales for our North America Retail operating units were as follows: Net sales by class of similar products were as follows: During the first quarter of fiscal 2020, we made certain changes in the classification of products and updated fiscal 2019 and fiscal 2018 net sales figures to match the current-year presentation. The following tables provide financial information by geographic area: NOTE I8. SUPPLEMENTAL. INFORMATHON The components of certain Consolidated Balance Shect accounts are as follows: May 26, 2019, were valued at LIFO. The difference between replacement cost and the stated LIFO inventory value is not materially different from the reserve for the LIFO valuation method. Certain Consolidated Statements of Earnings amounts are as follows: The components of interest, net are as follows: Certain Consolidated Statements of Cash Flows amounts are as follows

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Eric Noreen, Peter Brewer

17th Edition

1260247783, 978-1260247787

Students also viewed these Accounting questions