Preparing a Classified Balance Sheet

Campbell Soup Company is the world's leading maker and marketer of soup and sells other well-known brands of food in 120 countries. Presented here are the items listed on its recent balance sheet (dollars in millions) presented in alphabetical order:

Required:
Prepare a classified consolidated balance sheet for Campbell Soup for the current year (ended August 2) using the categories presented in thechapter.

Transcribed Image Text:

Accounts payable Accounts receivable Accrued expenses Other assets Other current assets Other current debt Other noncurrent liabilities Property, plant, and equipment, net Retained earnings $ 569 $ 105 528 148 480 579 51 352 2,423 Cash and cash equivalents Common stock, S0.0375 par value Intangible assets Inventories 3,700 1,977 376 824