Required a. Prepare an income statement, balance sheet, and statement of cash flows for General Mills,...

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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 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