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.

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.

Name: d. Compute ROA.e. Compute profit margin (PM).f. Compute asset turnove
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Description: 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)ROAPMAT% *% *X Following is selected financial information from Gener

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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