Question:
The following numbers appeared in the annual report of General Mills, Inc., the consumer foods manufacturer, for the fiscal year ending May 2008 (in millions of dollars):
Fiscal 2008 Fiscal 2007
Total assets 19,042 18,184
Total stockholders' equity 6,216 5,319
Total revenues 13,652 12,442
Common share issues 1,133 504
Common dividends 530 505
Common stock repurchases 1,385 1,385
The firm has no preferred stock.
For fiscal 2008, calculate
a. Total liabilities at year end.
b. Comprehensive income for the year