Prepare the income statement for the year ended may

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Reference no: EM133328184

Question: Following is selected financial information from General Mills Inc. for its fiscal year ended May 27, 2018 ($ millions). Cost of goods sold (COGS) $12,375.5 Cash from operating activities $3,409.2 Cash from investing activities (10,422.5) Noncash assets, end of year 36,270.0 Cash, end of year 478.8 Cash from financing activities* 6,572.8 Income tax expense 68.8 Total assets, beginning of year 26,175.1 Revenue 18,888.5 Total liabilities, end of year** 28,957.9 Total expenses, other than COGS 3,848.6 Stockholders' equity, end of year 7,790.9 and income tax * Cash from financing activities includes the effects of foreign exchange rate fluctuations. ** Total liabilities includes redeemable interest.

a. Prepare the income statement for the year ended May 27, 2018. Note: Do not use negative signs with any of your answers.

Reference no: EM133328184

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