Statement of cash flows analysis. Refer to the consolidated statements of cash flows on figure shown below
Question:
Required:
a. Identify the two most significant sources of cash from operating activities during 2011. How much of a cash source amount do these items represent?
b. What was the firm's most significant investing activity during 2011, and how much cash did this activity use or generate?
c. Identify the two most significant financing activities during 2011. What was the net effect on cash of theseitems?
Transcribed Image Text:
CAMPBELL SOUP COMPANY Consolidated Statements of Cash Flows (Millions) Cash flows from operating activities: Adjustments to reconcile net earnings to operating cash flow Restructuring charges. Stock-based c 12 Depreciation and amortization -..-268 25 264 144 57 Other, net. . Changes in working capital . . 108 27 (14) 28 34 (125) (14) 19 105 Accounts payable and accrued liabilities a-....... 2 Net cash provided by operating activities. Cash flows from investing activities: . 1,142,05 1.166 Purchases of plant assets ..--... Business acquired...r.. Other, net (272) (315) (345) (66) 38 Net cash used in investing activities . . Cash flows from financing activities: .261) 300)378) 495 (265) 320) (300) (728) (472) (527) Net shorn-term borrowings (repayments) . Long-term borrowings... . . 500 Treasury stock purchases ..r.... Treasury stock issuances 139 72 tax benefits on stock-based compensation.. 10 (64) Net cash used in financing activities 700 Effect of exchange rate changes on cash.. .. 49 Net change in cash and cash equivalents. .. . ..-.. . Cash and cash equivalents-beginning of period. ·.. Cash and cash equivalents-end of period. . . . . . . . . .. . .··· . . . . . .. . $ 484 556 (814) 230 203 (30) $ 254 $ 5
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
a Amounts in millions Net earnings 802 Depreciation and amorti...View the full answer
Answered By
Divya Munir
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
4.90+
0 Reviews
10+ Question Solved
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0078025297
10th edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
Question Posted:
Students also viewed these Accounting questions
-
Refer to the consolidated statements of cash flows on page 689 of the Intel Corporation annual report in the appendix. Required: a. Identify the two most significant sources of cash from operating...
-
Refer to the Campbell Soup Company annual report in the appendix. From the table of quarterly financial information on page 749 and the Selected Financial Data (Five-Year Review- Consolidated) on...
-
Refer to the consolidated statements of income on page 687 of the Intel Corporation annual report in the appendix. Required: a. Does Intel use the single-step format or the multiple-step format?...
-
Current Attempt in Progress Joseph Taylor recorded the following transactions during the month of April. Apr. 3 16 20 Cash Service Revenue Rent Expense Cash Salaries and Wages Expense Cash 3,020 690...
-
A married couple are trying to finance their three-year-old son's college education. Money can be deposited at 6% compounded quarterly. What end-of-quarter deposit must be made from the son's 3rd...
-
Expansion of a gas mixture very slow reaction rate, estimate the temperature and velocity of the water-gas mixture at the discharge end of the nozzle in Example 23.5-3 if the reaction rate is very...
-
In the same study of water quality, \(n=145\) samples were taken from streams having a high environmental impact from dairying. Out of these \(y=9\) had a high Campylobacter level. Let be the true...
-
Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $80 million of 8% bonds, dated January 1, on January 1, 2011. Management intends to include the investment in a short-term,...
-
Apollo Industries' main product is gondola cars for amusement parks and ski lifts. Your marketing department constantly monitors trends in the external environment that may affect the company. What...
-
Howard Gartman is a 40% partner in the Horton & Gartman Partnership. During 2018, the partnership reported the total items below (100%) on its Form 1065: Ordinary...
-
Income statement format and EPS disclosures. Refer to the consolidated statements of earnings on page 711 of the Campbell Soup Company annual report in the appendix. Required: a. Does Campbell's use...
-
Use gross profit ratio to calculate inventory loss. On April 8, 2013, a flood destroyed the warehouse of Stuco Distributing Co. From the waterlogged records of the company, management was able to...
-
Let X 1 , X 2 , . . , X n denote the elements of a Gaussian vector X. The Z are independent with mean ? i and variance ? 2 i , i = 1, 2,. . . , n . Show that the differential entropy of the vector X...
-
Suppose that in a given economy all goods and services produced are sold in perfectly competitive markets. Would you represent this economy using the classical or Keynesian approach? Explain why.
-
Suppose Japan has a GDP of $5 trillion, and that its national savings rate is 25%. Assuming Japan is an open economy, a) calculate Japans investment if net exports are 1% of GDP. b) calculate Japans...
-
Social media firms strategy has three pillars: (1) keeping user addicted to the content, (2) collecting data about user behavior, (3) selling advertisements targeting specific users. Do you really...
-
Comment on the effect of a decrease in autonomous investment on wealth when the economy can be considered a a) closed economy. b) small open economy.
-
Under very particular conditions, banks would like to borrow from the Fed and, rather than use these borrowed funds to make loans, keep them in the form of excess reserves. What would be the effect...
-
Explain why its often wrong to talk about shaping the lever press, and explain how shaping can be involved in leverpress training.
-
When you weigh yourself on good old terra firma (solid ground), your weight is 142 lb. In an elevator your apparent weight is 121 lb. What are the direction and magnitude of the elevator's...
-
Molly Caruso was the sole shareholder of Seneca Resorts Inc. Her basis in the stock was \(\$ 200,000\). Molly died when her stock was worth \(\$ 5,000,000\). Her gross estate, including the stock,...
-
a. If the beginning balance of the Inventory account and the cost of items purchased or made during the period are correct, but an error resulted in overstating the firms ending inventory balance by...
-
Following are condensed income statements for Uncle Bill's Home Improvement Center for the years ended December 31, 2011, and 2010: Uncle Bill was concerned about the operating results for 2011 and...
-
The 2008 annual reports of Pearson Plc and The McGraw-Hill Companies, Inc. , two publishing and information services companies, included the following selected data as at December 31, 2008, and 2007:...
-
CITC Bhd. is evaluating two independent projects: Project X and Y. The required rate of return for the two projects is 13%. The cash flows and Net Present Value (NPV) of each project is derived as...
-
Provide 3 variations of each of the 5 stock phrases (ie 15 new phrases in total) that you could potentially use 1. You are 2. It sounds like 3. It seems like 4. What I am hearing is 5. You seem to be...
-
How do you ensure data integrity and reliability in a multi-master replication setup within a distributed database cluster?
Study smarter with the SolutionInn App