Following are the income statements and balance sheets of General Mills, Inc. a. Forecast General Mills' fiscal

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Following are the income statements and balance sheets of General Mills, Inc.image text in transcribedimage text in transcribedimage text in transcribed

a. Forecast General Mills' fiscal 2014 income statement and balance sheet using the following relations. Assume all capital expenditures are purchases of land, buildings and equipment, net, and that depreciation and amortization expense is included as part of selling, general and administrative expense (\$ millions).image text in transcribed

b. What does the forecasted adjustment to balance the accounting equation from part a reveal to us about the forecasted financing needs of the company? Explain.

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