Formulating Financial Statements from Raw Data Following is selected financial information from General Mills, Inc., for its fiscal year ended May 31, 2020 ($ millions). Cash and cash equivalents, end of year. Net cash from operations.. Net sales. . . Stockholders' equity, end of year Cost of goods sold Net cash from financing. Total liabilities, end of year. Other expenses, including income taxes Noncash assets, end of year. . Net cash from investing Net income.. Effect of exchange rate changes on cash Cash and cash equivalents, beginning of year. ..... .... pg. 1-35 $ 1,677.8 3,676.2 17,626.6 8,894.1 11,496.7 (1,941.5) 21,912.6 3,919.1 29,128.9 (486.2) 2,210.8 (20.7) 450.0

Formulating Financial Statements from Raw Data Following is selected financial information from General Mills, Inc., for its fiscal year ended May 31, 2020 ($ millions). Cash and cash equivalents, end of year. Net cash from operations.. Net sales. . . Stockholders' equity, end of year Cost of goods sold Net cash from financing. Total liabilities, end of year. Other expenses, including income taxes Noncash assets, end of year. . Net cash from investing Net income.. Effect of exchange rate changes on cash Cash and cash equivalents, beginning of year. ..... .... pg. 1-35 $ 1,677.8 3,676.2 17,626.6 8,894.1 11,496.7 (1,941.5) 21,912.6 3,919.1 29,128.9 (486.2) 2,210.8 (20.7) 450.0

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 1FSA: Financial statement analysis The financial statements for Nike, Inc., are presented in Appendix D at...

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