Following is selected financial information from General Mills Inc. for its fiscal year ended May 27, 2018 ($ millions). Cost of goods sold (COGS) $10,312.9 Cash from operating activities (8,685.4) Noncash assets, end of year Cash from investing activities Cash, end of year 399.0 Cash from financing activities* 57.3 Total assets, beginning of year Income tax expense Revenue 15,740.4 Total liabilities, end of year** 3,207.2 Stockholders' equity, end of year Total expenses, other than COGS and income tax $2,841.0 30,225.0 5,477.3 21,812.6 24,131.6 6,492.4 * Cash from financing activities includes the effects of foreign exchange rate fluctuations. ** Total liabilities includes redeemable interest.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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d. Compute ROA.
e. Compute profit margin (PM).
f. Compute asset turnover (AT).
Notes:
Round ROA and PM to one decimal place (ex: 10.5%)
Round Asset turnover to two decimal places (0.33)
ROA
PM
AT
% *
% *
X
Transcribed Image Text:d. Compute ROA. e. Compute profit margin (PM). f. Compute asset turnover (AT). Notes: Round ROA and PM to one decimal place (ex: 10.5%) Round Asset turnover to two decimal places (0.33) ROA PM AT % * % * X
Following is selected financial information from General Mills Inc. for its fiscal year ended May 27, 2018 ($ millions).
Cost of goods sold (COGS)
$10,312.9 Cash from operating activities
(8,685.4) Noncash assets, end of year
Cash from investing activities
Cash, end of year
399.0 Cash from financing activities*
57.3 Total assets, beginning of year
Income tax expense
Revenue
15,740.4 Total liabilities, end of year**
Total expenses, other than COGS
3,207.2 Stockholders' equity, end of year
and income tax
$2,841.0
30,225.0
5,477.3
21,812.6
24,131.6
6,492.4
* Cash from financing activities includes the effects of foreign exchange rate fluctuations.
** Total liabilities includes redeemable interest.
Transcribed Image Text:Following is selected financial information from General Mills Inc. for its fiscal year ended May 27, 2018 ($ millions). Cost of goods sold (COGS) $10,312.9 Cash from operating activities (8,685.4) Noncash assets, end of year Cash from investing activities Cash, end of year 399.0 Cash from financing activities* 57.3 Total assets, beginning of year Income tax expense Revenue 15,740.4 Total liabilities, end of year** Total expenses, other than COGS 3,207.2 Stockholders' equity, end of year and income tax $2,841.0 30,225.0 5,477.3 21,812.6 24,131.6 6,492.4 * Cash from financing activities includes the effects of foreign exchange rate fluctuations. ** Total liabilities includes redeemable interest.
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