Calculate ROI for 2017.Calculate ROE for 2017.Calculate working capital at July 30, 2017, and July 31, 2016.Calculate current ratio at July 30, 2017, and July 31, 2016.Calculate Acid-test ratio at July 30, 2017, and July 31, 2016. CAMPBELL SOUP COMPANYConsolidated Balance Sheets(millions, except per share amounts)July 30,2017July 31,2016- Current assetsCash and cash equivalents319296Accounts receivable, net605626Inventories902940Other current assets7446Total current assets.1,9001,908Plant assets, net of depreciation2,4542,407Goodwill.2,1152,263Other intangible assets, net of amortization1,1181,152Other assets ($51 as of 2017 and $34 as of 2016 attributable to variable interest entity)Total assets. .Current liabilitiesShort-term borrowings...Payable to suppliers and others1391077,726 S7,8371,037 S1,219666610Accrued liabilities561604Dividends payable111100Accrued income taxes2022Total current liabilities.2,3952,555Long-term debt.Deferred taxes.2,4992,314490396Other liabilities.Total liabilities. .Commitments and contingencies6971,0396,0816,304Campbell Soup Company shareholders' equityPreferred stock; authorized 40 shares; none issued .Capital stock, S.0375 par value; authorized 560 shares; issued 323 shares.1212Additional paid-in capital. .359354Earnings retained in the business.Capital stock in treasury,2,3851,927(1,066)(664)Accumulated other comprehensive loss..(53)(104)Total Campbell Soup Company shareholders' equity.1,6371,525Noncontrolling interests .Total equityTotal liabilities and equity881,6451,5337,7267,837See accompanying Notes to Consolidated Financial Statements. Financial Highlights(dollars in millions, except per share amounts)20172016=782SY4Results of OperationsNet Sales247,890247,961Gross Profit%24242,7803,05938.8%%24Percent of Sales34.9%Earnings before interest and taxesNet earnings attributable to Campbell Soup CompanyPer share – diluted242$241,40096024%248875632.891.81Other Information1,491241.248242$Net cash provided by operating activitiesCapital expendituresDividends per share1,291%24243383411.4024In 2017, Net earnings attributable to Campbell Soup Company included the following: a restructuring charge, related costs and administrative expenses of$37 ($0.12 per share) associated with restructuring and cost savings initiatives; gains of $116 ($0.38 per share) associated with mark-to-market adjustments fordefined benefit pension and postretirement plans; impairment charges of $180 ($0.59 per share) related to the intangible assets of the Bolthouse Farms carrotand carrot ingredients reporting unit and the Garden Fresh Gourmet reporting unit; and a tax benefit and reduction to interest expense of $56 ($0.18 pershare) primarily associated with the sale of intercompany notes receivable to a financial institution.WEBLupdIn 2016, Net earnings attributable to Campbell Soup Company included the following: a restructuring charge and administrative expenses of $49 ($0.16 pershare) associated with restructuring and cost savings initiatives; losses of $200 ($0.64 per share) associated with mark-to-market adjustments for definedbenefit pension and postretirement plans; an impairment charge of $127 ($0.41 per share) related to the intangible assets of the Bolthouse Farms carrot andcarrot ingredients reporting unit; and a gain of $25 ($0.08 per share) associated with a settlement of a claim related to the Kelsen acquisition.See below for a reconciliation of the impact of these items on reported results.Reconciliation of GAAP and Non-GAAP Financial Measuresen R-12.The following information is provided to reconcile certain non-GAAP financial measures disclosed in the Letter to Shareholders to reported sales and earningsresults. These non-GAAP financial measures are measures of performance not defined by accounting principles generally accepted in the United States andshould be considered in addition to, not in lieu of, GAAP reported measures. We believe that presenting certain non-GAAP financial measures facilitatescomparison of our historical operating results and trends in our underlying operating results, and provides transparency on how we evaluate our business. Forinstance, we believe that organic net sales, which exclude the impact of currency, are a better indicator of our ongoing business performance. We also believethat the financial information excluding certain transactions not considered to be part of the ongoing business improves the comparability of year-to-year earningsresults. Consequently, we believe that investors may be able to better understand our earnings results if these transactions are excluded from the results.Recc(dollars in millions)20172016% Change...PINet Sales$ 7,890$7,961-1%Volume and Mix-1%Price and Sales Allowances0%Promotional Spending-1%Organic Growth-1%Currency0%otal-1%prdiM.mThe sum of the individual amounts does not add due to rounding.20172016Earnings % Change EPS % ChangeEarningsImpactDilutedEPSImpactEarningsImpactDilutedEPSImpact2017/2016(dollars in millions, except per share amounts)Net earnings attributable toCampbell Soup Company, as reportedRestructuring charges, implementation costs2017/2016-cor$ 887$ 2.89$563$1.81РМ.and other related costs370.12490.16Pension and postretirement benefitmark-to-market adjustments(116)(0.38)2000.64Impairment charges1800.591270.41Sale of notes(56)(0.18)Claim settlement(25)(0.08)Report Adjusted Net earnings attributableto Campbell Soup Company$ 932$ 3.04$914$2.942%3%

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Answered: Calculate ROI for 2017. Calculate ROE…

Business

Accounting

Calculate ROI for 2017. Calculate ROE for 2017. Calculate working capital at July 30, 2017, and July 31, 2016.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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