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Refer to the consolidated balance sheet, and Note 9 below. Required: a. What was the total dollar amount of current liabilities as of May 29,
Refer to the consolidated balance sheet, and Note 9 below. Required: a. What was the total dollar amount of current liabilities as of May 29, 2022? b. What percent of long-term debt was considered current as of May 29, 2022? c. What is the total amount of long-term liabilities reported by General Mills as of May 29, 2022? d. How much principal payments on the long-term debt and finance lease is General Mills anticipating paying in fiscal years 2023 and 2024 respectively?
Consolidated Balance Sheets NOTES PAYABLE The components of notes payable and their respective weighted-average interest rates at the end of the periods were as follows: To ensure availability of funds, we maintain bank credit lines and have commercial paper programs available to us in the United States and Europe. We also have uncommitted and asset-backed credit lines that support our foreign operations. The following table details the fee-paid committed and uncommitted credit lines we had available as of May 29, 2022: Fanilitw Rarrowad The credit facilities contain covenants, including a requirement to maintain a fixed charge coverage ratio of at least 2.5 times. We were in compliance with all credit facility covenants as of May 29,2022 . Consolidated Balance Sheets NOTES PAYABLE The components of notes payable and their respective weighted-average interest rates at the end of the periods were as follows: To ensure availability of funds, we maintain bank credit lines and have commercial paper programs available to us in the United States and Europe. We also have uncommitted and asset-backed credit lines that support our foreign operations. The following table details the fee-paid committed and uncommitted credit lines we had available as of May 29, 2022: Fanilitw Rarrowad The credit facilities contain covenants, including a requirement to maintain a fixed charge coverage ratio of at least 2.5 times. We were in compliance with all credit facility covenants as of May 29,2022
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