Refer to the consolidate statements of earnings in the Campbell Soup Company annual report in the appendix

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Required:

a. Calculate the gross profit ratio for each of the past three years.

b. Assume that Campbell's net sales for the first four months of 2015 totaled $2.7 billion. Calculate an estimated cost of goods sold and gross profit for the four months.

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Accounting What the Numbers Mean

ISBN: 978-1259535314

11th edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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Question Posted: Aug 03, 2016 08:07 AM

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Refer to the consolidate statements of earnings in the Campbell Soup Company annual report in the appendix

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a in millions 2014 2013 2012 Net sales 8268 8052 7175 Cost of products sold 5370 5140 4365 Gross pro...View the full answer

Accounting What the Numbers Mean

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