Project Part One. Company: General mills

• Foreach of the following, identify 3 costs that could be incurred by your company.
  • Direct materials
  • Direct labor
  • Manufacturing overhead
  • Selling expenses
  • Administrative expenses

• Calculate the following ratios for the current year and the prior year. Was there an improvement or decline. Youmust include the data and formulas you used to calculate your ratios.

• Profitability
  • Gross Margin Percentage
  • Net Profit Margin Percentage
  • Return on Equity

• Solvency
  • Debt to Assets
  • Debt to Equity

• Liquidity
  • Working Capital
  • Current Ratio
  • Inventory Turnover
  • Accounts Receivable Turnover
  • Total Asset Turnover