Following is selected financial information from General Mills, Inc., for its fiscal year ended May 26, 2013
Question:
Following is selected financial information from General Mills, Inc., for its fiscal year ended May 26, 2013 ($ millions).
Required
a. Prepare the income statement, the balance sheet, and the statement of cash flows for General Mills for the fiscal year ended May 26, 2013.
b. Do the negative amounts for cash from investing activities and cash from financing activities concern us? Explain.
c. Using the statements prepared for part \(a\), compute the following ratios (for this part only, use the year-end balance instead of the average for assets and stockholders' equity):
i. Profit margin ii. Asset turnover iii. Return on assets iv. Return on equity
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Related Book For
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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