Refer to the reformulated balance sheets and income statements for General Mills, Inc., in Exhibits 9.5 and 9.11 in Chapter 9. Calculate free cash flow for 2008 from these statements.

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EXHIBIT 9.5 Reformulated, Strategic Balance Sheet for General Mills, Inc.,2008 GENERAL MILLS, INC. Strategic Comparative Balance Sheet, 2003 (in milions of doilars) 2008 2007 Operating assets Working cash Receivabies nventories Prepaid expenses Land, building, and equipment Goodwili Intangible assets Defered ax assets Other asses 5 50 1,082 1,367 511 3,108 6,786 S 50 953 1,173 3,014 6,835 ,694 67 1,587 17,817 1,750 18,431 Operating liabilities Accounts payable Deferred tax liabiities Other liabiities S937 1,483 3,164 778 1,433 3,309 5,520 5.584 12,847 Net operating assets 12,297 Net financial obiígations Curtent portion of debt Notes payable Long-term debt Cash equvalents 442 2,209 4.349 (611) 1,734 1,254 3,218 6,389 6,458 242 6,216 (37) 5839 6,458 1,139 5,3t9 Minority interest Common shareholders' equity