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What is the return on sales for fiscal year 2019 2018?

What is the return on sales for fiscal year 2019 2018?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the return on sales for fiscal year 2019 2018? 

%24 May 26, 2019: Flscal Year In Millions, Except Per Share Data, Percentages and Ratios 2019 (a) 2015 (b) LI017 9106 810 Operating data: Net sales 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 S 16,865.2 S 15,740.4 5.756.8 S16,563.1 5,843.3 $17,630.3 5,967.8 5,435.6 5,567.8 3,389.9 2,071.8 1,221.3 823.1 229.4 3,141.4 2,935.8 2,515.9 1,752.7 2,888.8 2,492.1 1,657.5 161 1,697.4 623.8 221.9 218.2 605.4 585.7 618.8 6119 Earnings per share: $4 3.08 3.64 2.77 %24 Adjusted diluted (c) (e) Operating ratlos: Gross margin as a percentage of net sales (d) Selling, general, and administrative 3.22 24 3.11 2.92 2.86 24 $4 34.1% 34.5% 35.6% 35.3% 33.8% expenses as a percentage of net sales (d) Operating profht as a percentage of net sales (d) Adjusted operating profit as a percentage of net sales (c) (d) (e) Effective income tax rate Balance sheet data: Land, buildings, and equipment Total assets Long-term debt, excluding current 17.4% 18.1% 18.5% 19.2% 14.9% 15.4% 16.4% 11.8% 15.7% 16.9% 17.7% 17.6% 2.7% 28.8% 31.4% 33.3% 4,047.2 30,624.0 S3,687.7 21,812.6 %24 3,783.3 3,743.6 21,712.3 30,111.2 uojiod Total debt (c) 11,624.8 12,668.7 15,818.6 7,575.3 14,490.0 8,430.9 Cash flow data: S161'6 Net cash provided by operating activities (f) Capital expenditures S. 2,807.0 $4 622.7 2,841.0 2,415.2 2,764.2 24 712.4 2,648.5 729.3 Free cash flow (c) Share data: Cash dividends per common share 2,269.4 2,218.3 1,730.8 2,034.9 1,936.1 1.92 96 96 $ (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-week year; all other fiscal years were 52 weeks. (c) Please see "Glossary" in Item 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 Ilem 7 of this report for our discussion of this measure not defined by generally accepted accounting principles. (D In fiscal 2018, we retrospectively adopted new requirements for the accounting and presentation of stock-based payments. Please see Note 2 a.
Transcribed Image Text:%24 May 26, 2019: Flscal Year In Millions, Except Per Share Data, Percentages and Ratios 2019 (a) 2015 (b) LI017 9106 810 Operating data: Net sales 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 S 16,865.2 S 15,740.4 5.756.8 S16,563.1 5,843.3 $17,630.3 5,967.8 5,435.6 5,567.8 3,389.9 2,071.8 1,221.3 823.1 229.4 3,141.4 2,935.8 2,515.9 1,752.7 2,888.8 2,492.1 1,657.5 161 1,697.4 623.8 221.9 218.2 605.4 585.7 618.8 6119 Earnings per share: $4 3.08 3.64 2.77 %24 Adjusted diluted (c) (e) Operating ratlos: Gross margin as a percentage of net sales (d) Selling, general, and administrative 3.22 24 3.11 2.92 2.86 24 $4 34.1% 34.5% 35.6% 35.3% 33.8% expenses as a percentage of net sales (d) Operating profht as a percentage of net sales (d) Adjusted operating profit as a percentage of net sales (c) (d) (e) Effective income tax rate Balance sheet data: Land, buildings, and equipment Total assets Long-term debt, excluding current 17.4% 18.1% 18.5% 19.2% 14.9% 15.4% 16.4% 11.8% 15.7% 16.9% 17.7% 17.6% 2.7% 28.8% 31.4% 33.3% 4,047.2 30,624.0 S3,687.7 21,812.6 %24 3,783.3 3,743.6 21,712.3 30,111.2 uojiod Total debt (c) 11,624.8 12,668.7 15,818.6 7,575.3 14,490.0 8,430.9 Cash flow data: S161'6 Net cash provided by operating activities (f) Capital expenditures S. 2,807.0 $4 622.7 2,841.0 2,415.2 2,764.2 24 712.4 2,648.5 729.3 Free cash flow (c) Share data: Cash dividends per common share 2,269.4 2,218.3 1,730.8 2,034.9 1,936.1 1.92 96 96 $ (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-week year; all other fiscal years were 52 weeks. (c) Please see "Glossary" in Item 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 Ilem 7 of this report for our discussion of this measure not defined by generally accepted accounting principles. (D In fiscal 2018, we retrospectively adopted new requirements for the accounting and presentation of stock-based payments. Please see Note 2 a.
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