Question

please complete the balance sheet.

Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statements and balance sheets of General Mills, Inc. Income Statement, Fiscal Years Ended ($ millions) May 29, 2011 May 30, 2010 Net Sales $ 14,880.2 $ 14,635.6 Cost of sales 8,926.7 8,835,4 Selling general and administrative expenses 3.192.0 3,162.7 Divestitures (gain), net (17.4) Restructuring, impairment, and other exit costs 4.4 31.4 Operating income 2.606.1 Interest, net 401.6 Earnings before income tax expense and equity in income of affiliates 2.428.2 2.204.5 Income tax expense 721.1 7712 After-tax earnings from joint ventures 96.4 101.7 Net earnings including noncontrolling interests 1,535.0 Net earnings attributable to noncontrolling interests S 5.2 4.5 Net earnings attributable to General Mills $1,798.3 51.530.5 2.774.5 346.3 23 May 29, 2011 May 30, 2010 Balance Sheet ($ millions) Assets Cash and cash equivalents $ 619.6 5673.2

Answer 1

Balance sheet of Forecast General Mill's fiscal 2012
				Estimated
				( $ millions)
Assets
Cash and cash equivalent				619.6
Receivables				1,207.1
Inventories				1,671.3
Deferred income taxes				31.0
Prepaid expenses and other				495.2
Total current assets				4,024.2
Land, Buildings and equipment				3,334.2
Goodwill				6,750.8
Other intangible assets				0
Other assets				897.6
Total assets				15,006.8
Liabilities and equity
Accounts payable				1,036.9
Current portion of long term debt				733.6
Notes payable				311.3
other current liabilities				1,377.3
Total current liabilities				3,459.1
Total long term debt				5,542.5
Deferred income taxes				1,176.1
Other liabilties				1,795.1
Total liabilities				11,972.8
Stockholders equity
Common stock				75.5
Additional paid in capital				1319.8
Retained earnings				1382.62
Common stock in treasury				0
Accumulated other comprehensive loss				0
Total shareholder's equity				2,777.9
Non controlling interests				256.0
Total equity				3,033.9
Total liabilities and equity				15,006.8