Use the following consolidated balance sheet for Campbell Soup Company annual report. CAMPBELL SOUP COMPANY Consolidated Balance
Question:
Use the following consolidated balance sheet for Campbell Soup Company annual report.
CAMPBELL SOUP COMPANY
Consolidated Balance Sheets
(Millions, except per share amounts)
Current assets July 30, 2017 Cash and cash equivalents $319
Accounts receivable, net 605
Inventories 902 Other current assets 74
Total current assets 1900 Plant assets, net of depreciation 2454 Goodwill 2115 Other intangible assets, net of amortization 1118
Other assets ($51 as of 2017 attributable to variable interest entity) 139
Total assets $7,726
Current liabilities $1,037 Short-term borrowings 666 Payable to suppliers and others Accrued liabilities 561 Dividend payable 111 Accrued income taxes. 20
Total current liabilities 2,395
Long-term debt 2499
Deferred taxes 490 Other liabilities 697
Total liabilities 6,081 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. 359 Earnings retained in the business 2,385 Capital stock in treasury, at cost (1,066) Accumulated other comprehensive loss (53)
Total Campbell Soup Company shareholders' equity 1,637 Non-controlling interests. 8
Total equity 1,645
Total liabilities and equity $. 7,726
Question:
Complete the common size balance sheet at July 30, 2017, below:
CAMPBELL SOUP COMPANY Common Size Balance Sheet July 30, 2017
- Total current assets %
- Plant assets, net of depreciation
- Goodwill
- Total other long-term assets Total assets
- Total current liabilities %
- Total long-term liabilities (including deferred taxes)
- Total equity
- Total liabilities and equity %
Accounting What the Numbers Mean
ISBN: 978-0078025297
10th edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele