Selected data for General Mills for Year 2, Year 3, and Year 4 appear below (amounts in millions):

Required
a. Compute the rate of return on common shareholders' equity (ROCE) for Year 2, Year 3, and Year 4.
b. Compute basic earnings per common share (EPS) for Year 2, Year 3, and Year 4.
c. Interpret the changes in ROCE versus EPS over the three-year period.

Transcribed Image Text:

Year 4 Year 3 Year2 Net Income Weighted Average Number of Common Shares Outstanding $506.1 S505.6 $472.7 163.1 165.7 164.5 $1,294.7 $1,242.2 $961.6 Average Common Shareholders' Equity