ume this is the stockholders' equity section from the Campbell Soup Company balance sheet. How do you get these two questions? 1. At what average price were the Campbell Soup shares issued? (Round your answer to two decimal places.) 2. Calculate and interpret the company’s market-to-book ratio at August 1, 2008. Round answer to two decimal places. Shareholders' Equity (millions, except per share amounts) August 3, 2008 July 29, 2007 Preferred stock: authorized 40 shares; non issued $ -- $ -- Capital stock, $0.0375 par value; authorized 560 shares; issued 512 shares 19 19 Additional paid-in capital 337 331 Earnings retained in the business 7,906 7,052
ume this is the stockholders' equity section from the Campbell Soup Company balance sheet. How do you get these two questions? 1. At what average price were the Campbell Soup shares issued? (Round your answer to two decimal places.) 2. Calculate and interpret the company’s market-to-book ratio at August 1, 2008. Round answer to two decimal places. Shareholders' Equity (millions, except per share amounts) August 3, 2008 July 29, 2007 Preferred stock: authorized 40 shares; non issued $ -- $ -- Capital stock, $0.0375 par value; authorized 560 shares; issued 512 shares 19 19 Additional paid-in capital 337 331 Earnings retained in the business 7,906 7,052
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.12MCP
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Assume this is the
How do you get these two questions?
1. At what average price were the Campbell Soup shares issued? (Round your answer to two decimal places.)
2. Calculate and interpret the company’s market-to-book ratio at August 1, 2008.
Round answer to two decimal places.
Shareholders' Equity (millions, except per share amounts) | August 3, 2008 | July 29, 2007 |
---|---|---|
$ -- | $ -- | |
Capital stock, $0.0375 par value; authorized 560 shares; issued 512 shares | 19 | 19 |
Additional paid-in capital | 337 | 331 |
Earnings retained in the business | 7,906 | 7,052 |
Capital stock in treasury, 186 shares in 2008 and 163 shares in 2007, at cost | (6,812) | (6,015) |
Accumulated other comprehensive loss | (136) | (123) |
Total shareholders' equity | $ 1,314 | $ 1,264 |
Assume Campbell Soup Company also reports the following statement of stockholders' equity.
(Millions, except per share amounts) | Capital Stock | Additional Paid-in Capital |
Earnings Retained in the Business |
Accumulated Other Comprehensive Income (Loss) |
Total share-owners' Equity |
|||
---|---|---|---|---|---|---|---|---|
Issued | In Treasury | |||||||
Shares | Amount | Shares | Amount | |||||
Balance at July 29, 2007 | 512 | $ 19 | (163) | $ (6,015) | $ 331 | $ 7,052 | $ (123) | $ 1,264 |
Net earnings | 1,195 | 1,195 | ||||||
Comprehensive income (loss) | (13) | (13) | ||||||
Impact on adoption of FIN 48 Note 10) | (9) | (9) | ||||||
Dividends ($0.88 per share) | (332) | (332) | ||||||
(26) | (903) | (903) | ||||||
Treasury stock issued under managementincentive and stock options plan | 3 | 106 | 6 | 112 | ||||
Balance at August 3, 2008 | 512 | $ 19 | (186) | $ (6,812) | $ 337 | $ 7,906 | $ (136) | $ 1,314 |
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