Question
In: Accounting
Following is selected financial information from General mills, Inc., for its fiscal yeah ended May 27,...
Following is selected financial information from General mills, Inc., for its fiscal yeah ended May 27, 2018($millions):
Cash and cash equivalents...$ 399
Nat cash from operations...2,841
Sales...15,740.4
Stockholders' equity...6,492.4
costs of good sold...10,312.9
net cash from financing...5,445.5
total liabilities...24,131.6
other expenses, including income tax...3,264.5
noncash assest...30,225
net cash from investing...(8,685.4)
net income...2,163.0
effect of exchange rate changes on cash...31.8
cash, beginning year...766.1
a. prepare income statement, balance sheet, and statement of cash flows for General Mills, Inc.
b. What portion of the financing is contributed by owners?
Please show all work.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Formulating Financial Statements from Raw Data Following is selected financial information from General Mills, Inc., for...
Formulating
Financial Statements from Raw Data
Following is selected financial information from General Mills,
Inc., for its fiscal year ended May 29, 2016 ($ millions):
*Cash
from financing activites includes the effects of foreign exhange
rate fluctuations.
Revenue
$16,563.1
Cost of goods sold
$10,733.6
Cash from operating activities
2,629.8
Cash, ending year
763.7
Cash, beginning year
334.2
Total liabilities
16,405.2
Stockholders' equity
5,307.1
Cash from investing
activities
93.4
Noncash assets
20,948.6
Total expenses (other
than cost of goods sold)
4,092.7...
Formulating Financial Statements from Raw Data Following is selected financial information from General Mills, Inc., for...
Formulating Financial Statements from Raw
Data
Following is selected financial information from General Mills,
Inc., for its fiscal year ended May 25, 2003 ($ millions):
Revenue
$10,506
Cash from operating activities
1,631
Cash, beginning year
975
Stockholders' equity
4,475
Noncash assets
17,524
Cash from financing activities
(885)
Cost of goods sold
6,109
Total expenses (other than cost of goods sold)
3,480
Cash, ending year
703
Total liabilities
13,752
Cash from investing activities
(1,018)
Prepare the income statement, the balance sheet,...
Formulating Financial Statements from Raw Data Following is selected financial information from General Mills, Inc., for...
Formulating Financial Statements from Raw Data
Following is selected financial information from General Mills,
Inc., for its fiscal year ended May 29, 2011 ($ millions):
Revenue
$ 14,880.2
Cash from operating activities
1,526.8
Cash, beginning year
673.2
Stockholders' equity
6,612.2
Noncash assets
18,054.9
Cash from financing activities*
(865.3)
Cost of goods sold
8,926.7
Total expenses (other than cost of goods sold)
4,155.2
Cash, ending year
619.6
Total liabilities
12,062.3
Cash from investing activities
(715.1)
*Cash from financing activities includes the...
Selected financial information from General Mills as of May 29, 2016 follows. $ millions Debit Credit...
Selected financial information from General Mills as of May 29,
2016 follows.
$ millions
Debit
Credit
Net sales
$16,689.6
Cost of sales
$10,758.9
Selling, general, & administrative expense & other
3,098.4
Interest expense, net
329.1
Income tax expense
780.5
Retained earnings
12,041.4
Assume the company has not yet closed any accounts to retained
earnings. Prepare journal entries to close the temporary accounts
above. Set up the needed T-accounts, and post the closing entries.
After these entries are posted, what is...
The following is selected raw data financial information from AFI Corp. for its fiscal year ended...
The following is selected raw data financial information from
AFI Corp. for its fiscal year ended January 29, 2011 ($
millions):
Revenue
$
3,469
Cash from operating
activities
392
Cash, beginning of
year
670
Noncash assets
2,122
Cash from financing
activities
(143)
Cost of goods
sold
1,257
Total expenses (other than
COGS)
2,062
Total
liabilities
1,057
Cash from investing
activities
(93)
How much cash does the company have at the end of the year
?
What is the total stockholders’...
Formulating Financial Statements from Raw Data Assume the following is selected financial information from General Mills,...
Formulating Financial Statements from Raw Data
Assume the following is selected financial information from General
Mills, Inc., for its fiscal year ended May 25, 2014 ($
millions):
Cash and Cash Equivalents
$867.3
Net Cash from Operations
2,541.0
Sales
17,909.6
Stockholders' Equity
7,005.4
Cost of Goods Sold
11,539.8
Net Cash from Financing
(1,824.1)
Total Liabilities
16,140.3
Other Expenses, including income taxes
4,508.5
Noncash Assets
22,278.4
Net Cash from Investing
(561.8)
Net Income
1,861.3
Effect of exchange rate changes on cash
(29.2)...
Compute and Interpret Altman's Z-scores Following is selected financial information for eBay Inc., for its fiscal...
Compute and Interpret Altman's Z-scores
Following is selected financial information for eBay Inc., for
its fiscal years 2016 and 2015.
(In millions, except per share data)
2016
2015
Current assets
$ 8,875
$ 7,904
Current liabilities
3,847
2,263
Total assets
23,847
17,755
Total liabilities
13,308
11,179
Shares outstanding
530
741
Retained earnings
14,959
7,713
Stock price per share
29.69
27.48
Sales
8,979
8,592
Earnings before interest and taxes
2,325
2,197
Compute and interpret Altman Z-scores for the company for both...
Compute and Interpret Altman's Z-scores Following is selected financial information for eBay Inc., for its fiscal...
Compute and Interpret Altman's Z-scores Following is selected
financial information for eBay Inc., for its fiscal years 2016 and
2015. (In millions, except per share data) 2016 2015 Current assets
$ 8,875 $ 7,904 Current liabilities 3,847 2,263 Total assets 23,847
17,755 Total liabilities 13,308 11,179 Shares outstanding 530 741
Retained earnings 14,959 7,713 Stock price per share 29.69 27.48
Sales 8,979 8,592 Earnings before interest and taxes 2,325 2,197
Compute and interpret Altman Z-scores for the company for both...
Following is selected financial information from Cisco Systems Inc. for the year ended July 30, 2016...
Following is selected financial information from Cisco Systems
Inc. for the year ended July 30, 2016 ($ millions).
Cash,endingyear ................ $
7,631 Totalliabilities..................
$ 58,067
Cash from operating activities . . . . . . .
13,570 Cash
from financing activities . . . . . (4,699)
Sales...........................
49,247 Noncashassets
................ 114,021
Stockholders’equity ..............
63,585 Cashfrominvestingactivities......
(8,117) Costofgoodssold................
18,287 Netincome....................
10,739
Totalexpenses(otherthancostof Cash,beginningyear............
6,877
goodssold)..................20,221 f
Prepare the income statement, balance sheet and the statement
of cash flows for Cisco System for the fiscal year ended...
Selected financial information for the Adelphi Company for the fiscal years ended December 31, 2018 and...
Selected financial information for the Adelphi Company
for the fiscal years ended December 31, 2018 and 2017 follows.
Prepare a cash flow statement using the indirect method. Properly
title the statement.
2018
2017
Cash balance
$113,500
$37,500
Net income
142,500
162,000
Depreciation Expense
42,000
35,000
Purchase of Plant Assets
135,000
125,000
Disposal of Plant Assets
40,000
50,000
Gain (Loss) on Disposal of Plant Assets
(10,000)
5,000
Accounts Receivable Balance
64,500
58,000
Accounts Payable Balance
42,000
39,000
Interest Expense
8,000
6,000...
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