Appendix B of this book contains a copy of the 2002 annual report of General Mills, Inc.

Required Review the annual report and write a short report in which you cover each of the following:

A. What major investing decisions did the company make from 2000 to 2002? Include decisions about disposing of as well as acquiring assets. (Hint: See note 2 to the financial statements, as well as the statement of cash flows.)

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B. Evaluate the company’s growth rate for total assets and net income from 2000 to 2002. (Hint: See the six-year financial summary.)

C. Compute return on assets, asset turnover, and profit margin for the company from 2000 to 2002. Does it appear that the company has made beneficial investing decisions?

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