As the CFO of XYZ Corporation, you are responsible for maximizing revenue by making medium to long term investments of excess capital. You are reviewing the General Mills annual report as a possible investment. What is your decision? Would you invest in GM Inc. or not? What type of investment would it be - long or short term? Why?

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Net sales Operating profit Benefit plan non-service income Interest, net Consolidated Statements of Earnings GENERAL MILLS, INC. AND SUBSIDIARIES Cost of sales Selling, general, and administrative expenses Divestitures loss Restructuring, impairment, and other exit costs (In Millions, Except per Share Data) Earnings before income taxes and after-tax earnings from joint ventures Income taxes After-tax earnings from joint ventures Net earnings, including earnings attributable to redeemable and noncontrolling interests Earnings per share - basic Earnings per share - diluted Dividends per share Net earnings attributable to redeemable and noncontrolling interests Net earnings attributable to General Mills See accompanying notes to consolidated financial statements. 2021 $ 18,127.0 11,678.7 3,079.6 $ $ $ $ 53.5 170.4 3,144.8 (132.9) 420.3 2,857.4 629.1 117.7 2,346.0 6.2 2,339.8 3.81 3.78 2.02 Fiscal Year 2020 $ 17,626.6 11,496.7 3,151.6 24.4 2,953.9 (112.8) 466.5 2,600.2 480.5 91.1 2,210.8 29.6 2,181.2 $ $ 3.59 $ 3.56 $ 1.96 $ 2019 16,865.2 11,108.4 2,935.8 30.0 275.1 2,515.9 (87.9) 521.8 2,082.0 367.8 72.0 1,786.2 33.5 1,752.7 2.92 2.90 1.96 Net sales Operating profit Benefit plan non-service income Interest, net Consolidated Statements of Earnings GENERAL MILLS, INC. AND SUBSIDIARIES Cost of sales Selling, general, and administrative expenses Divestitures loss Restructuring, impairment, and other exit costs (In Millions, Except per Share Data) Earnings before income taxes and after-tax earnings from joint ventures Income taxes After-tax earnings from joint ventures Net earnings, including earnings attributable to redeemable and noncontrolling interests Earnings per share - basic Earnings per share - diluted Dividends per share Net earnings attributable to redeemable and noncontrolling interests Net earnings attributable to General Mills See accompanying notes to consolidated financial statements. 2021 $ 18,127.0 11,678.7 3,079.6 $ $ $ $ 53.5 170.4 3,144.8 (132.9) 420.3 2,857.4 629.1 117.7 2,346.0 6.2 2,339.8 3.81 3.78 2.02 Fiscal Year 2020 $ 17,626.6 11,496.7 3,151.6 24.4 2,953.9 (112.8) 466.5 2,600.2 480.5 91.1 2,210.8 29.6 2,181.2 $ $ 3.59 $ 3.56 $ 1.96 $ 2019 16,865.2 11,108.4 2,935.8 30.0 275.1 2,515.9 (87.9) 521.8 2,082.0 367.8 72.0 1,786.2 33.5 1,752.7 2.92 2.90 1.96

Answer rating: 100% (QA)

The information you provided is a portion of the Consolidated Balance Sheets of General Mills Inc and its subsidiaries The amounts are in millions of dollars Here is a breakdown of the information ASS... View the full answer