Not Graded please assist with the calculations with image provided.Using the fiscal year end 2020 annual report for General Mills, Inc. and the figures from the2020 annual report as noted below, calculate the financial ratios for 2020 and 2019 indicatedusing the EXCEL template provided:10. Average collection period11. Inventory turnover12. Days’ sales in inventory13. Debt-to-equity ratio14. Times-interest-earned ratio15. Operating-cash-flow-to-capital-expenditures ratio16. Earnings per share17. Price-earnings ratio18. Dividend yield19. Dividend payout ratioTotal assets 2020 = $30,806.7Total stockholders’ equity 2020 = $8,349.5Total current liabilities 2020 = $7,491.5Accounts receivable 2020 = $1,615.1Inventory 2020 = $1,426.3Year-end closing stock price May 2020 = $58.80Year-end closing stock price May 2019 = $53.56 Percentages and Ratios2019 (a)2018201720162015 (b)Operating data:Net salesS 16,865.25,756.8$ 15,740.45,435.6S 15,619.85,567.8$ 16,563.15,843.3S 17,630.3Gross margin (c) (d)Selling, general, and administrativeexpenses (d)Operating profit (d)Net earnings attributable to General MillsAdvertising and media expenseResearch and development expenseAverage shares outstanding:Diluted5,967.82,935.82,515.91,752.7601.63,389.92,071.81,221.3823.1229.42,850.12,419.92,131.0575.9219.12,888.82,492.11,657.5623.8218.23,141.42,719.11,697.4754.4222.1221.9605.4585.7598.0611.9618.8Earnings per share:Diluted2.903.223.643.112.773.082.772.921.972.86Adjusted diluted (c) (e)Operating ratios:Gross margin as a percentage of netsales (d)Selling, general, and administrativeexpenses as a percentage of netsales (d)34.1%34.5%35.6%35.3%33.8%17.4%18.1%18.5%19.0%19.2%Operating profit as a percentage of netsales (d)14.9%15.4%16.0%16.4%11.8%Adjusted operating profit as a percentageof net sales (c) (d) (e)16.9%17.7%16.6%2.7%17.6%28.8%16.8%31.4%15.7%Effective income tax rateBalance sheet data:33.3%$ 3,787.230,111.2$ 3,783.321,832.0Land, buildings, and equipmentTotal assetsLong-term debt, excluding currentportionTotal debt (c)4,047.230,624.03,687.721,812.63,743.621,712.311,624.814,490.012,668.715,818.67,642.99,481.77,057.78,430.97,575.39,191.5Cash flow data:Net cash provided by operatingactivities ()Саpital expenditures2,807.0537.62,841.0622.72,415.2684.42,764.2729.32,648.5712.4Free cash flow (c)2,269.42,218.31,730.82,034.91,936.IShare data:Cash dividends per common share(a) In fiscal 2018, we acquired Blue Buffalo. Please see Note 3 to the Consolidated Financial Statements in Item 8 of this report.(b) Fiscal 2015 was a 53-woek year, all other fiscal years were 52 weeks.(c) Please see "Glossary" in ltem 8 of this report for definition.(d) In the first quarter of fiscal 2019, we retrospectively adopted new accounting requirements related to the presentation of net periodic definedbenefit pension expense, net periodic postretirement benefit expense, and net periodic postemployment benefit expense. Please see Note 2 tothe Consolidated Financial Statements in Item 8 of this report.(e) Please see "Non-GAAP Measures" in Item 7 of this report for our discussion of this measure not defined by generally accepted accounting1.961.961.921.781.67aS

A financial ratio, known as an accounting ratio, is the comparison between two quantitative numbers from a company's monetary accounts. Many standard ratios are used in accounting to assess a company's or organization's overall financial health.

Answered: Using the fiscal year end 2020 annual…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Not Graded
please assist with the calculations with image provided.

Using the fiscal year end 2020 annual report for General Mills, Inc. and the figures from the
2020 annual report as noted below, calculate the financial ratios for 2020 and 2019 indicated
using the EXCEL template provided:

10. Average collection period
11. Inventory turnover
12. Days’ sales in inventory
13. Debt-to-equity ratio
14. Times-interest-earned ratio
15. Operating-cash-flow-to-capital-expenditures ratio
16. Earnings per share
17. Price-earnings ratio
18. Dividend yield
19. Dividend payout ratio
Total assets 2020 = $30,806.7
Total stockholders’ equity 2020 = $8,349.5
Total current liabilities 2020 = $7,491.5
Accounts receivable 2020 = $1,615.1
Inventory 2020 = $1,426.3
Year-end closing stock price May 2020 = $58.80
Year-end closing stock price May 2019 = $53.56

Percentages and Ratios
2019 (a)
2018
2017
2016
2015 (b)
Operating data:
Net sales
S 16,865.2
5,756.8
$ 15,740.4
5,435.6
S 15,619.8
5,567.8
$ 16,563.1
5,843.3
S 17,630.3
Gross margin (c) (d)
Selling, general, and administrative
expenses (d)
Operating profit (d)
Net earnings attributable to General Mills
Advertising and media expense
Research and development expense
Average shares outstanding:
Diluted
5,967.8
2,935.8
2,515.9
1,752.7
601.6
3,389.9
2,071.8
1,221.3
823.1
229.4
2,850.1
2,419.9
2,131.0
575.9
219.1
2,888.8
2,492.1
1,657.5
623.8
218.2
3,141.4
2,719.1
1,697.4
754.4
222.1
221.9
605.4
585.7
598.0
611.9
618.8
Earnings per share:
Diluted
2.90
3.22
3.64
3.11
2.77
3.08
2.77
2.92
1.97
2.86
Adjusted diluted (c) (e)
Operating ratios:
Gross margin as a percentage of net
sales (d)
Selling, general, and administrative
expenses as a percentage of net
sales (d)
34.1%
34.5%
35.6%
35.3%
33.8%
17.4%
18.1%
18.5%
19.0%
19.2%
Operating profit as a percentage of net
sales (d)
14.9%
15.4%
16.0%
16.4%
11.8%
Adjusted operating profit as a percentage
of net sales (c) (d) (e)
16.9%
17.7%
16.6%
2.7%
17.6%
28.8%
16.8%
31.4%
15.7%
Effective income tax rate
Balance sheet data:
33.3%
$ 3,787.2
30,111.2
$ 3,783.3
21,832.0
Land, buildings, and equipment
Total assets
Long-term debt, excluding current
portion
Total debt (c)
4,047.2
30,624.0
3,687.7
21,812.6
3,743.6
21,712.3
11,624.8
14,490.0
12,668.7
15,818.6
7,642.9
9,481.7
7,057.7
8,430.9
7,575.3
9,191.5
Cash flow data:
Net cash provided by operating
activities ()
Саpital expenditures
2,807.0
537.6
2,841.0
622.7
2,415.2
684.4
2,764.2
729.3
2,648.5
712.4
Free cash flow (c)
2,269.4
2,218.3
1,730.8
2,034.9
1,936.I
Share data:
Cash dividends per common share
(a) In fiscal 2018, we acquired Blue Buffalo. Please see Note 3 to the Consolidated Financial Statements in Item 8 of this report.
(b) Fiscal 2015 was a 53-woek year, all other fiscal years were 52 weeks.
(c) Please see "Glossary" in ltem 8 of this report for definition.
(d) In the first quarter of fiscal 2019, we retrospectively adopted new accounting requirements related to the presentation of net periodic defined
benefit pension expense, net periodic postretirement benefit expense, and net periodic postemployment benefit expense. Please see Note 2 to
the Consolidated Financial Statements in Item 8 of this report.
(e) Please see "Non-GAAP Measures" in Item 7 of this report for our discussion of this measure not defined by generally accepted accounting
1.96
1.96
1.92
1.78
1.67
a
S

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