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Question - Following is selected financial information from JM Smucker Co. for the year ended April 30, 2018 ($ millions).
Current assets, end of year
$1,555.0
Long-term liabilities, end of year
$6,376.3
Cash, end of year
192.6
Stockholders' equity, end of year
7,891.1
Cash from investing activities
(277.6)
Cash from operating activities
1,218.0
Cost of products sold
4,521.0
Total assets, beginning of year
15,639.7
Total liabilities, end of year
7,410.1
Revenue
7,357.1
Cash from financing activities*
(914.6)
Total expenses, other than cost of
1,497.5
Stockholders' equity, beginning of year
6,850.2
product sold
Dividends paid
350.3
* Cash from financing activities includes the effects of foreign exchange rate fluctuations.
Required -
a. Prepare the income statement for the year ended April 30, 2018.
b. Prepare the balance sheet as of April 30, 2018.
c. Prepare the statement of cash flows for the year ended April 30, 2018.
d. Compute ROA.
e. Compute profit margin (PM).
f. Compute asset turnover (AT).
g. Compute ROE.
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