Question: Selected data for General Mills for 2007, 2008, and 2009 appear below (amounts in millions). 2009 2008 2007 Net income......................$1,304.4...............$1,294.7.................$1,144.0 Weighted-average number of common shares

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

                                            2009                         2008                     2007

Net income......................$1,304.4...............$1,294.7.................$1,144.0

Weighted-average number

of common shares outstanding .331.9 ................333.0 .....................346.5

Average common

shareholders' equity ............$5,695.3.............$5,767.4.................$5,545.5

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-year period.

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a Return on Common Shareholders Equity 2009 1304456953 229 2008 1294757674 225 2007 1144055455 201 b ... View full answer

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