Question: Formulating Financial Statements from Raw Data Following is selected financial information from General Mills, Inc., for its fiscal year ended May 29, 2016 ($ millions):

Formulating Financial Statements from Raw Data Following is selected financial information from General Mills, Inc., for its fiscal year ended May 29, 2016 ($ millions): Revenue $16,563.1 Cost of goods sold $10,733.6 Cash from operating activities 2,629.8 Cash, ending year 763.7 Cash, beginning year 334.2 Total liabilities 16,405.2 Stockholders' equity 5,307.1 Cash from investing activities 93.4 Noncash assets 20,948.6 Total expenses (other than cost of goods sold) 4,092.7 Cash from financing activities* (2,293.7) *Cash from financing activites includes the effects of foreign exhange rate fluctuations. (a) Prepare the income statement, the balance sheet, and the statement of cash flows for General Mills for the fiscal year ended May 29, 2016. Hint: Enter negative numbers only for answers in the statement of cash flows (if applicable). General Mills, Inc. Income Statement ($ millions) For Year Ended May 29, 2016 Revenue $Answer Answer Answer Gross profit Answer Answer Answer Net income $Answer General Mills, Inc. Balance Sheet ($ millions) May 29, 2016 Cash $Answer Total liabilities $Answer Answer Answer Answer Answer Total assets $Answer Total liabilities and equity $Answer General Mills, Inc. Statement of Cash Flows ($ millions) For Year Ended May 29, 2016 Cash from operating activities $Answer Answer Answer Cash from financing activities Answer Net change in cash Answer Answer Answer Cash, ending year $Answer

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