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    General Mills, Inc.

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    The following numbers appeared in the annual report of General Mills, Inc., the consumer foods manufacturer, for the fiscal year ending May 2008 (in millions of dollars):

    Fiscal 2008 Fiscal 2007
    Total assets 19,042 18,184
    Total stockholders' equity 6,216 5,319
    Total revenues 13,652 12,442
    Common share issues 1,133 504
    Common dividends 530 505
    Common stock repurchases 1,385 1,385
    The firm has no preferred stock.

    For fiscal 2008, calculate
    a. Total liabilities at year end.
    b. Comprehensive income for the year

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    Solution Preview

    The following numbers appeared in the annual report of General Mills, Inc., the consumer foods manufacturer, for the fiscal year ending May 2008 (in millions of dollars):

    Fiscal 2008 Fiscal 2007 ...

    Solution Summary

    The total liabilities and comprehensive income for General Mills Inc is examined. This solution is comprised of a detailed explanation to calculate total liabilities at year end.

    $2.19

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