Selected data for General Mills for 2007, 2008, and 2009 appear below (amounts in millions). Required a.

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Selected data for General Mills for 2007, 2008, and 2009 appear below (amounts in millions).

Required
a. Compute the rate of ROCE for 2007, 2008, and 2009.
b. Compute basic EPS for 2007, 2008, and 2009.
c. Interpret the changes in ROCE versus EPS over the three-yearperiod.

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Question Posted: Jun 23, 2012 08:42 AM

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Selected data for General Mills for 2007, 2008, and 2009 appear below (amounts in millions). Required a.

Question:

2009 2008 2007 $1,304.4 1,294.7 $1,144.0 Net Income Weighted Average Number of Common Shares Outstanding Average Common Shareholders' Equity 331.9 333.0 S5,695.3 57 346.5 67.4 5,545.5

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a Rate of Return on Common Shareholders Equity 2009 1304456953 229 2008 1294757674 225 2007 11440554...View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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