Refer to the General Mills's financial statements at the end of the text and answer the following
Question:
1. What are the items listed as long-term liabilities by General Mills? How did those liabilities change from 2009 to 2010?
2. Calculate the debt-to-equity ratio and the times interest earned ratio of the company for 2009 and 2010. What do those ratios reveal about the company and its ability to meet its obligations on its long-term liabilities?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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1 General Mills has the following longterm liabilities The companys year of May 3...View the full answer
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Related Book For 
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1111534912
8th edition
Authors: Gary A. Porter, Curtis L. Norton
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