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Homework answers / question archive / Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information horn inc
Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information horn inc. for its fiscal year ended May 27, 2018 (S millions).
Cost of goods sold (COGS) $10,312.9 Cash from operating activities $ 2,841.0 Cash from investing activities (8,685.4) Noncash assets, end of year 30,225.0 Cash, end of year 399.0 Cash from financing activities' 5,477.3 Income tax expense 57.3 Total assets, beginning of year 21,812.6 Revenue ...................... 15,740.4 Total liabilities, end of year— 24,131.6 Total expenses, other than COGS Stockholders' equity, end of year 6,492.4 and income tax 3,207.2
• Cash from financing activities includes the effects of foreign exchange rate fluctuations. — Total liabilities includes redeemable interest.
Required tr. Prepare the income statement for the year ended May 27. 2018. b. Prepare the balance sheet as of May 27, 2018. Prepare the statement of cash flows for the year ended May 27, 2018. d. Compute ROA. c. Compute profit margin (PM). J: Compute asset turnover (AT).
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