Question
The following are from the financial statements for General Mills (in millions): 2008 2007 Net Operating Assets 12,487 12,297 Common Equity 6,216 5,319 Core operating
The following are from the financial statements for General Mills (in millions):
2008 2007
Net Operating Assets 12,487 12,297
Common Equity 6,216 5,319
Core operating Income (after tax) 1560
There were 337.5 million shares outstanding at the end of fiscal year 2008 and they traded at $60 each. Use a required return for operations (rw) of 8 percent in answering the following questions:
What is General Mills's per-share valuation based on growth forecasts from these numbers?
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Auditing Theory And Practice
Authors: Jerry R. Strawser, Robert H. Strawser
9th Edition
0873939336, 978-0873939331
