Question: LO: P1-37. Formulating Financial Statements from Raw Data Following is selected financial information from General Mills, Inc., for its fiscal year ended May 27, 2018
LO: P1-37. Formulating Financial Statements from Raw Data Following is selected financial information from General Mills, Inc., for its fiscal year ended May 27, 2018 (S millions): NITO Cash and cash equivalents Net cash from operations .. Sales... Stockholders' equity Cost of goods sold Net cash from financing Total liabilities. Other expenses, including income taxes Noncash assets Net cash from investing Net income.. Effect of exchange rate changes on cash Cash, beginning year. $399.0 2,841.0 15,740.4 6,492.4 10,312.9 5,445.5 24,131.6 3.264.5 30,225.0 (8,685.4) 2,163.0 31.8 766.1 REQUIRED a. Prepare an income statement, balance sheet, and statement of cash flows for General Mills, Inc. b. What portion of the financing is contributed by owners? 129
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