Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from M Smucker Co. for the year ended April 30, 2018 (5 millions).
Current assets, end of year $1,632.8 Long-term liabilities, end of year $6,695.1
Cash, end of year 202.2 Stockholders' equity, end of year 8.285.7
Cash from investing activities (291.5) Cash from operating activities 1,278.9
Cost of products sold 4,747.1 Total assets, beginning of year 16,421.7
Total liabilities, end of year 7,780.6 Revenue 7,725.0
Cash from financing activities (960.3) Total expenses, other than cost of 1,572.4
Stockholders' equity,
beginning of year 7,192.7 product sold
Dividends pald 367.8
Cash from financing activities includes the effects of foreign exchange rate fluctuations.
A. Prepare the income statement for the year ended April 30, 2018.
B. Prepare the balance sheet as of April 30, 2018.
JM Smucker Co
Balance Sheet (5 millions)
April 30, 2018
Current assets $202.2 Current liabilities $7706
Long-term assets 1632.8 Long-term liabilities 6695.1
Total liabilities 14457.7
Stockholders' equity 8258.7
Total assets $1835 Total liabilities and equity
C. Prepare the statement of cash flows for the year ended April 30, 2018.
JM Smucker Co
Statement of Cash Flow (5 millions)
For the year ended April 30, 2018
Cash from operating activities $1278.9
Cash from investing activities -291.5
Cash from financing activities -960.3
Net increase (decrease) in cash 27.1
Cash, beginning of year 229.3
Cash, end of year $202.2
D. Compute ROA.
E. Compute profit margin (PM).
F. Compute asset turnover (AT).