Use the following consolidated balance sheet for Campbell Soup Company annual report. CAMPBELL SOUP COMPANY Consolidated Balance Sheets (Millions, except per share amounts) July 31, 2016 Current assets Cash and cash equivalents $ 296 Accounts receivable, net 626 Inventories 940 Other current assets 46 Total current assets 1,908 Plant assets, net of depreciation 2,407 Goodwill 2,263 Other intangible assets, net of amortization 1,152 Other assets ($34 as of 2016 attributable to variable interest entity) 107 Total assets $ 7,837 Current liabilities Short-term borrowings $ 1,219 Payable to suppliers and others 610 Accrued liabilities 604 Dividend payable 100 Accrued income taxes 22 Total current liabilities 2,555 Long-term debt 2,314 Deferred taxes 396 Other liabilities 1,039 Total liabilities 6,304 Commitments and Contingencies Campbell Soup Company shareholders' equity Preferred stock; authorized 40 shares; none issued — Capital stock, $0.0375 par value; authorized 560 shares; issued 323 shares 12 Additional paid-in capital 354 Earnings retained in the business 1,927 Capital stock in treasury, at cost (664 ) Accumulated other comprehensive loss (104 ) Total Campbell Soup Company shareholders' equity 1,525 Noncontrolling interests 8 Total equity 1,533 Total liabilities and equity $ 7,837 Total current assets = % Plant assets, Net of depreciation = ? % Goodwill = ? % Total other Long-term Assets = ? % Part 2 Total Current Liabilities = ? % Total Long-Term Liabilities (including Deferred Taxes) = ? % Total Equity = ? %
Use the following consolidated balance sheet for Campbell Soup Company annual report. CAMPBELL SOUP COMPANY Consolidated Balance Sheets (Millions, except per share amounts) July 31, 2016 Current assets Cash and cash equivalents $ 296 Accounts receivable, net 626 Inventories 940 Other current assets 46 Total current assets 1,908 Plant assets, net of depreciation 2,407 Goodwill 2,263 Other intangible assets, net of amortization 1,152 Other assets ($34 as of 2016 attributable to variable interest entity) 107 Total assets $ 7,837 Current liabilities Short-term borrowings $ 1,219 Payable to suppliers and others 610 Accrued liabilities 604 Dividend payable 100 Accrued income taxes 22 Total current liabilities 2,555 Long-term debt 2,314 Deferred taxes 396 Other liabilities 1,039 Total liabilities 6,304 Commitments and Contingencies Campbell Soup Company shareholders' equity Preferred stock; authorized 40 shares; none issued — Capital stock, $0.0375 par value; authorized 560 shares; issued 323 shares 12 Additional paid-in capital 354 Earnings retained in the business 1,927 Capital stock in treasury, at cost (664 ) Accumulated other comprehensive loss (104 ) Total Campbell Soup Company shareholders' equity 1,525 Noncontrolling interests 8 Total equity 1,533 Total liabilities and equity $ 7,837 Total current assets = % Plant assets, Net of depreciation = ? % Goodwill = ? % Total other Long-term Assets = ? % Part 2 Total Current Liabilities = ? % Total Long-Term Liabilities (including Deferred Taxes) = ? % Total Equity = ? %
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 13P: Statement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income,...
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Question
Use the following consolidated balance sheet for Campbell Soup Company annual report.
CAMPBELL SOUP COMPANY | |||||
Consolidated Balance Sheets | |||||
(Millions, except per share amounts) | |||||
July 31, 2016 | |||||
Current assets | |||||
Cash and cash equivalents | $ | 296 | |||
Accounts receivable, net | 626 | ||||
Inventories | 940 | ||||
Other current assets | 46 | ||||
Total current assets | 1,908 | ||||
Plant assets, net of |
2,407 | ||||
2,263 | |||||
Other intangible assets, net of amortization | 1,152 | ||||
Other assets ($34 as of 2016 attributable to variable interest entity) | 107 | ||||
Total assets | $ | 7,837 | |||
Current liabilities | |||||
Short-term borrowings | $ | 1,219 | |||
Payable to suppliers and others | 610 | ||||
Accrued liabilities | 604 | ||||
Dividend payable | 100 | ||||
Accrued income taxes | 22 | ||||
Total current liabilities | 2,555 | ||||
Long-term debt | 2,314 | ||||
396 | |||||
Other liabilities | 1,039 | ||||
Total liabilities | 6,304 | ||||
Commitments and Contingencies | |||||
Campbell Soup Company shareholders' equity | |||||
— | |||||
Capital stock, $0.0375 par value; authorized 560 shares; issued 323 shares | 12 | ||||
Additional paid-in capital | 354 | ||||
Earnings retained in the business | 1,927 | ||||
Capital stock in treasury, at cost | (664 | ) | |||
Accumulated other comprehensive loss | (104 | ) | |||
Total Campbell Soup Company shareholders' equity | 1,525 | ||||
Noncontrolling interests | 8 | ||||
Total equity | 1,533 | ||||
Total liabilities and equity | $ | 7,837 | |||
Total current assets = %
Plant assets, Net of depreciation = ? %
Goodwill = ? %
Total other Long-term Assets = ? %
Part 2
Total Current Liabilities = ? %
Total Long-Term Liabilities (including Deferred Taxes) = ? %
Total Equity = ? %
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