What is the return on sales for fiscal year 2019 2018? %24May 26, 2019:Flscal YearIn Millions, Except Per Share Data,Percentages and Ratios2019 (a)2015 (b)LI0179106810Operating data:Net salesGross 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:DilutedS 16,865.2 S 15,740.45.756.8S16,563.15,843.3$17,630.35,967.85,435.65,567.83,389.92,071.81,221.3823.1229.43,141.42,935.82,515.91,752.72,888.82,492.11,657.51611,697.4623.8221.9218.2605.4585.7618.86119Earnings per share:$43.083.642.77%24Adjusted diluted (c) (e)Operating ratlos:Gross margin as a percentage of netsales (d)Selling, general, and administrative3.22243.112.922.8624$434.1%34.5%35.6%35.3%33.8%expenses as a percentage of netsales (d)Operating profht as a percentage of netsales (d)Adjusted operating profit as a percentageof net sales (c) (d) (e)Effective income tax rateBalance sheet data:Land, buildings, and equipmentTotal assetsLong-term debt, excluding current17.4%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%4,047.230,624.0S3,687.721,812.6%243,783.33,743.621,712.330,111.2uojiodTotal debt (c)11,624.812,668.715,818.67,575.314,490.08,430.9Cash flow data:S161'6Net cash provided by operatingactivities (f)Capital expendituresS.2,807.0$4622.72,841.02,415.22,764.224712.42,648.5729.3Free cash flow (c)Share data:Cash dividends per common share2,269.42,218.31,730.82,034.91,936.11.929696$(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 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 Ilem 7 of this report for our discussion of this measure not defined by generally accepted accountingprinciples.(D In fiscal 2018, we retrospectively adopted new requirements for the accounting and presentation of stock-based payments. Please see Note 2a.

Return on sales=Operating ProfitNet Sales×100

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Business

Accounting

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

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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