> Answer is not complete. CARLTON SOUP COMPANY Consolidated Balance Sheet (in millions) Assets Current Assets: Cash and cash equivalents Accounts receivable Inventories Other current assets $ 319 595 996 80 Total current assets 1,990 Other noncurrent liabilities × Property, plant, and equipment, net 2,322 Intangible assets 3,363 Other assets 142 Intangible assets ☑ 5,827 × Total assets $ 13,644 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued expenses Other current debt Total current liabilities Other noncurrent liabilities Total liabilities Stockholders' Equity Common stock Retained earnings $ 665 115 x 1,115 > > 1,895 3,824 5,719 $ 392 986 X Total stockholders' equity 1,378 Total liabilities and stockholders' equity $ 7,097 Carlton Soup Company is the world's leading maker and marketer of soup and sells other well-known brands of food in 160 countries. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in millions) presented in alphabetical order: Accounts payable Accounts receivable Accrued expenses Cash and cash equivalents Common stock, $0.0375 par value Intangible assets Inventories $ 665 Other assets $ 142 595 Other current assets 80 615 Other current debt 1,115 3,824 392 Property, plant, and equipment, net 2,322 3,063 Retained earnings 906 996 319 Other noncurrent liabilities

Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter10: Forecasting Financial Statement
Section: Chapter Questions
Problem 15PC
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> Answer is not complete.
CARLTON SOUP COMPANY
Consolidated Balance Sheet
(in millions)
Assets
Current Assets:
Cash and cash equivalents
Accounts receivable
Inventories
Other current assets
$
319
595
996
80
Total current assets
1,990
Other noncurrent liabilities
×
Property, plant, and equipment, net
2,322
Intangible assets
3,363
Other assets
142
Intangible assets
☑
5,827 ×
Total assets
$
13,644
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
Accrued expenses
Other current debt
Total current liabilities
Other noncurrent liabilities
Total liabilities
Stockholders' Equity
Common stock
Retained earnings
$
665
115 x
1,115
> >
1,895
3,824
5,719
$
392
986 X
Total stockholders' equity
1,378
Total liabilities and stockholders' equity
$
7,097
Transcribed Image Text:> Answer is not complete. CARLTON SOUP COMPANY Consolidated Balance Sheet (in millions) Assets Current Assets: Cash and cash equivalents Accounts receivable Inventories Other current assets $ 319 595 996 80 Total current assets 1,990 Other noncurrent liabilities × Property, plant, and equipment, net 2,322 Intangible assets 3,363 Other assets 142 Intangible assets ☑ 5,827 × Total assets $ 13,644 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued expenses Other current debt Total current liabilities Other noncurrent liabilities Total liabilities Stockholders' Equity Common stock Retained earnings $ 665 115 x 1,115 > > 1,895 3,824 5,719 $ 392 986 X Total stockholders' equity 1,378 Total liabilities and stockholders' equity $ 7,097
Carlton Soup Company is the world's leading maker and marketer of soup and sells other well-known brands of food in 160 countries.
Presented here are the items listed on a simplified version of its recent balance sheet (dollars in millions) presented in alphabetical
order:
Accounts payable
Accounts receivable
Accrued expenses
Cash and cash equivalents
Common stock, $0.0375 par value
Intangible assets
Inventories
$ 665 Other assets
$ 142
595 Other current assets
80
615 Other current debt
1,115
3,824
392 Property, plant, and equipment, net
2,322
3,063 Retained earnings
906
996
319 Other noncurrent liabilities
Transcribed Image Text:Carlton Soup Company is the world's leading maker and marketer of soup and sells other well-known brands of food in 160 countries. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in millions) presented in alphabetical order: Accounts payable Accounts receivable Accrued expenses Cash and cash equivalents Common stock, $0.0375 par value Intangible assets Inventories $ 665 Other assets $ 142 595 Other current assets 80 615 Other current debt 1,115 3,824 392 Property, plant, and equipment, net 2,322 3,063 Retained earnings 906 996 319 Other noncurrent liabilities
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