Please solve only those marked with a red X
Forecast General Mill's fiscal 2014 income statement using the following relations (assume "no change" for accounts not listed). Assume that depreciation and amortization expense is included as part of selling, general and administrative expense ($ millions). Net sales growth 5.096 Cost of sales/Net sales 63.996 Selling, general and administrative expenses/Net sales 20.096 Divestitures (gain), net Restructuring, impairment, and other exit costs Interest, net $316.9 Income tax expense/Pretax income 29.296 After-tax earnings from joint ventures $98.8 Net earnings attributable to noncontrolling interests/Net earnings before attribution 2.096 Round answers to one decimal place. Do not use negative signs with your answers. Income Statement, Fiscal Years Ended (5 millions) Net sales Cost of sales Selling, general and administrative expenses Divestitures (gain), net Restructuring, impairment, and other exit costs Operating profit Interest.net Earnings before income taxes and after-tax earnings from joint ventures Income taxes After-tax earnings from joint ventures Net earnings, including earnings attributable to noncontrolling interests Net earnings attributable to noncontrolling interests Net earnings attributable to General Mills 2014 Estimated 18,662.8 11,925.5 3,732.6 0 0 3,004.7 316.9 2,687.8 784.8 98.8 2,001.8 40 1,961.8 $ Forecast General Mill's fiscal 2014 balance sheet using the following relations (assume"no change" for accounts not listed). Assume that all capital expenditures are purchases of land, building and equipment, net. ($ millions). 8.196 8.796 0.796 2.5% $0 amortization 4.796 8.096 Receivables/Net sales Inventories/Net sales Deferred income tax/Net sales Prepaid expenses and other current assets/Net sales Other intangible assets Other assets/Net sales Accounts payable/Net sales Other current liabilities/Net sales Current portion of long-term debt Deferred income taxes/Net sales Other liabilities/Net sales Capital expenditures/Net sales Depreciation/Prior year net PPE Dividends/Net earnings attributable to General Mills 10.396 $1,181.9 7.896 11.096 3.596 16.196 46.896 Forecast General Mill's fiscal 2014 income statement using the following relations (assume "no change" for accounts not listed). Assume that depreciation and amortization expense is included as part of selling, general and administrative expense ($ millions). Net sales growth 5.096 Cost of sales/Net sales 63.996 Selling, general and administrative expenses/Net sales 20.096 Divestitures (gain), net Restructuring, impairment, and other exit costs Interest, net $316.9 Income tax expense/Pretax income 29.296 After-tax earnings from joint ventures $98.8 Net earnings attributable to noncontrolling interests/Net earnings before attribution 2.096 Round answers to one decimal place. Do not use negative signs with your answers. Income Statement, Fiscal Years Ended (5 millions) Net sales Cost of sales Selling, general and administrative expenses Divestitures (gain), net Restructuring, impairment, and other exit costs Operating profit Interest.net Earnings before income taxes and after-tax earnings from joint ventures Income taxes After-tax earnings from joint ventures Net earnings, including earnings attributable to noncontrolling interests Net earnings attributable to noncontrolling interests Net earnings attributable to General Mills 2014 Estimated 18,662.8 11,925.5 3,732.6 0 0 3,004.7 316.9 2,687.8 784.8 98.8 2,001.8 40 1,961.8 $ Forecast General Mill's fiscal 2014 balance sheet using the following relations (assume"no change" for accounts not listed). Assume that all capital expenditures are purchases of land, building and equipment, net. ($ millions). 8.196 8.796 0.796 2.5% $0 amortization 4.796 8.096 Receivables/Net sales Inventories/Net sales Deferred income tax/Net sales Prepaid expenses and other current assets/Net sales Other intangible assets Other assets/Net sales Accounts payable/Net sales Other current liabilities/Net sales Current portion of long-term debt Deferred income taxes/Net sales Other liabilities/Net sales Capital expenditures/Net sales Depreciation/Prior year net PPE Dividends/Net earnings attributable to General Mills 10.396 $1,181.9 7.896 11.096 3.596 16.196 46.896
