Question: Using Accounting Relations: General Mills, Inc. (Medium) The following numbers appeared in the annual report of General Mills, Inc., the consumer foods manufacturer, for the

Using Accounting Relations: General Mills, Inc. (Medium)

The following numbers appeared in the annual report of General Mills, Inc., the consumer foods manufacturer, for the fiscal year ending May 2008 (in millions of dollars):

Fiscal 2008 Fiscal 2007 Total assets 19,042 18,184 Total stockholders' equity 6,216

The firm has no preferred stock.
For fiscal 2008, calculate

a. Total liabilities at year end.

b. Comprehensive income for the year.

Fiscal 2008 Fiscal 2007 Total assets 19,042 18,184 Total stockholders' equity 6,216 5,319 Total revenues 13,652 12,442 Common share issues 1,133 504 Common dividends 530 505 Common stock repurchases 1,385 1,385

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