Required a. Prepare an income statement, balance sheet, and statement of cash flows for General Mills, Inc. GENERAL MILLS, INC. INCOME STATEMENT For Year Ended May 29, 2011 ($ millions) Sales Cost of goods sold Gross profit Other Expenses Net income ($ millions) $ 238,083.2 142,827.2 0 0 0 GENERAL MILLS, INC. BALANCE SHEET For Year Ended May 29, 2011 Cash and Cash Equivalents $ 9,913.6 Total liabilities $ 233,996.8 Noncash assets 288,878.4 Stockholders' equity $ 64,795.2 Total Assets $ 298,792 Total Liabilities and Equity $ 298,792 GENERAL MILLS, INC. STATEMENT OF CASH FLOWS For Year Ended May 29, 2011 ($ millions) Net cash from operations $ 24,428.8 Net cash from investing (11,441.6) Net cash from financing (13,844.8) Net change in cash 0 Cash, beginning year 10,771.2 Cash, end of year $ 9,913.6 b. What portion of the financing is contributed by owners? (Round your answer to one decimal place.) 96