Please do not give solution in image format thanku Formulating Financial Statements from Raw Data and Calculating RatiosFollowing is selected financial information from JM Smucker Co. for the year ended April 30, 2018 ($ millions).Current assets, end of year$6,376.3Long-term liabilities, end of yearStockholders' equity, end of yearCash, end of year7,891.1Cash from investing activities(277.6)Cash from operating activities1,218.0Cost of products sold4,521.0Total assets, beginning of year15,639.7Total liabilities, end of year7,410.17,357.1Cash from financing activities*(914.6)Total expenses, other than cost of 1,497.5Stockholders' equity, beginning of year 6,850.2product soldDividends paid* Cash from financing activities includes the effects of foreign exchange rate fluctuations.4. Compute ROA.Compute profit margin (PM).Compute asset turnover (AT).. Compute ROE.$1,555.0192.6PM AnswerAT AnswerROE AnswerRevenueNotes:Round ROA, PM, and ROE to one decimal place (ex: 10.5%).Round AT (asset turnover) to two decimal places (0.33).ROA Answer350.3

Income statement is a financial statement that shows profitability, total revenue and total expenses…

Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from JM Smucker Co. for the year ended April 30, 2018 ($ millions). Current assets, end of year Long-term liabilities, end of year $6,376.3 Cash, end of year 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 * Cash from financing activities includes the effects of foreign exchange rate fluctuations. 4. Compute ROA. Compute profit margin (PM). Compute asset turnover (AT). . Compute ROE. $1,555.0 192.6 Notes: Round ROA, PM, and ROE to one decimal place (ex: 10.5%). Round AT (asset turnover) to two decimal places (0.33). ROA Answer PM Answer AT Answer ROE Answer 350.3