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Please show steps! General Mills, Inc., the largest manufacturer of packaged foods, reported the following in its annual report for the year ending May 29,

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General Mills, Inc., the largest manufacturer of packaged foods, reported the following in its annual report for the year ending May 29, 2011 (in millions): Short-term borrowing Long-term debt Stockholders' equity $1,342.6 $5,542.5 $6,616.2 a. The short term borrowing and long-term debt are carried on the balance sheet at approximately their market value. The firm's 644.8 million shares traded at $36.50 per share when the annual report was released. From these numbers, calculate General Mills's enterprise market value (the market value of the firm). b. Hewlett-Packard, the computer equipment manufacturer and systems consultant, had 2,126 million shares outstanding in May 2011, trading at $41 per share. Its most recent quarterly report listed the following (in millions): Investment in interest-bearing debt securities and deposits Short-term borrowings Long-term debt Stockholders' equity $12,700 $8,406 $14,512 $41,795 Calculate the enterprise market value of Hewlett-Packard. Explain your answer. c. Define stock market efficiency. Does market efficiency imply that prices are unpredictable? d. What is the difference between a passive investor and an active investor

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