Question 5 Not yet answered Marked out of 23.00 Hag question Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from ]M Smucker Co. for the year ended April 30, 2018 (5 millions). Current assets, end of year $1,632.8 Long-term liabilities, end of year $6,695.1 Cash, end of year 202.2 Stockholders' equity, end of year 8.285.7 Cash from investing activities (291.5) Cash from operating activities 1,278.9 Cost of products sold 4,747.1 Total assets, beginning of year 16,421.7 Total liabilities, end of year 7,780.6 Revenue 7,725.0 Cash from financing activities (960.3) Total expenses, other than cost of 1,572.4 Stockholders' equity, beginning of year 7 192.7 product sold Dividends pald 367.8 * Cash from financing activities includes the effects of foreign exchange rate fluctuations. a. Prepare the income statement for the year ended April 30, 2018. Note: Do not use negative signs with any of your answers, JM Smucker Co Income Statement ($ millions) For the year ended April 30, 2018 Revenues $ 7725 Cost of product sold 4.747 1 Gross profi 2.9729 Expenses 1572.4 0.55 3 My Suosen b. Prepare the balance sheet as of April 30, 2018. JM Smucker Co Balance Sheet (5 millions) April 30, 2018 Current assets $ 202.2 Current liabilities 5 Long-term assets 1632.8 Long-term liabilities Total liabilities Stockholders' equity Total assets $ 1835 Total liabilities and equity S 7706 6695.1 14457.7 8258.7 c. Prepare the statement of cash flows for the year ended April 30, 2018. Note: Use a negative sign with your answer to indicate cash was used by activities and/or a decrease in cash. JM Smucker Co Statement of Cash Flow (5 millions) For the year ended April 30, 2018 Cash from operating activities S 1278.9 Cash from investing activities -291.5 Cash from financing activities -960.3 Net increase (decrease) in cash 27.1 Cash, beginning of year 229.3 Cash, end of year $ 202.2 d. Compute ROA e. Compute profit margin (PM). f. Compute asset turnover (AT). 8. Compute ROE . C