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Microsoft Excel LibreOffice Calc


Common-Size Income Statement

Difficulty: Beginner

General Mills Inc., Common-Size Consolidated Income Statement

Microsoft Excel LibreOffice Calc

Based on: 10-K (filing date: 2018-06-29), 10-K (filing date: 2017-06-29), 10-K (filing date: 2016-06-30), 10-K (filing date: 2015-07-06), 10-K (filing date: 2014-07-03), 10-K (filing date: 2013-07-03).

Item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. General Mills Inc.'s operating profit as a percentage of net sales increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
Earnings before income taxes and after-tax earnings from joint ventures Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. General Mills Inc.'s earnings before income taxes and after-tax earnings from joint ventures as a percentage of net sales increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
Net earnings attributable to General Mills The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. General Mills Inc.'s net earnings attributable to General Mills as a percentage of net sales increased from 2016 to 2017 and from 2017 to 2018.