Formulating Financial Statements from Raw Data
Following is selected financial information from General Mills, Inc., for its fiscal year ended May 29, 2011 ($ millions):
| Cash and Cash Equivalents |
$619.6 |
| Net Cash from Operations |
1,526.8 |
| Sales |
14,880.2 |
| Stockholders' Equity |
6,612.2 |
| Cost of Goods Sold |
8,926.7 |
| Net Cash from Financing |
(865.3) |
| Total Liabilities |
12,062.3 |
| Other Expenses |
4,150.0 |
| Noncash Assets |
18,054.9 |
| Net Cash from Investing |
(715.1) |
| Net Income |
1,803.5 |
| Cash, beginning year |
673.2 |
Required
a. Prepare an income statement, balance sheet, and statement of cash flows for General Mills, Inc.