Net sales of the Global Biscuits and Snacks segment for 2017 in the Notes to the Consolidated Financial Statements. (Enter your answer in millions.) Market price range of common stock for the fourth quarter of 2017 in the Notes to the Consolidated Financial Statements. (Round your answers to 2 decimal places.)

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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  1. Net sales of the Global Biscuits and Snacks segment for 2017 in the Notes to the Consolidated Financial Statements. (Enter your answer in millions.)
  2. Market price range of common stock for the fourth quarter of 2017 in the Notes to the Consolidated Financial Statements. (Round your answers to 2 decimal places.)

 

 
**Net Sales (in millions of dollars)**

| Category                            | 2017   | 2016   | 2015   |
|-------------------------------------|--------|--------|--------|
| Americas Simple Meals and Beverages | $4,325 | $4,380 | $4,483 |
| Global Biscuits and Snacks          | $2,598 | $2,564 | $2,631 |
| Campbell Fresh                      | $967   | $1,017 | $968   |
| **Total**                           | **$7,890** | **$7,961** | **$8,082** |

**Earnings Before Interest and Taxes (EBIT) (in millions of dollars)**

| Category                            | 2017 | 2016 | 2015 |
|-------------------------------------|------|------|------|
| Americas Simple Meals and Beverages | $1,120| $1,069| $948 |
| Global Biscuits and Snacks          | $454  | $422  | $383 |
| Campbell Fresh                      | ($9)  | $60   | $61  |
| Corporate¹                          | ($147)| ($560)| ($236)|
| Restructuring Charges²              | ($18) | ($31) | ($102)|
| **Total**                           | **$1,400**| **$960**  | **$1,054** |

**Depreciation and Amortization (in millions of dollars)**

| Category                            | 2017 | 2016 | 2015 |
|-------------------------------------|------|------|------|
| Americas Simple Meals and Beverages | $118 | $117 | $123 |
| Global Biscuits and Snacks          | $98  | $96  | $94  |
| Campbell Fresh                      | $83  | $77  | $70  |
| Corporate³                          | $19  | $18  | $16  |
| **Total**                           | **$318** | **$308** | **$303** |

**Capital Expenditures (in millions of dollars)**

| Category                            | 2017 | 2016 | 2015 |
|-------------------------------------|------|------|------|
| Americas Simple Meals and Beverages | $117 | $105 | $137 |
| Global Biscuits and Snacks          | $127 | $122 | $137 |
| Campbell
Transcribed Image Text:**Net Sales (in millions of dollars)** | Category | 2017 | 2016 | 2015 | |-------------------------------------|--------|--------|--------| | Americas Simple Meals and Beverages | $4,325 | $4,380 | $4,483 | | Global Biscuits and Snacks | $2,598 | $2,564 | $2,631 | | Campbell Fresh | $967 | $1,017 | $968 | | **Total** | **$7,890** | **$7,961** | **$8,082** | **Earnings Before Interest and Taxes (EBIT) (in millions of dollars)** | Category | 2017 | 2016 | 2015 | |-------------------------------------|------|------|------| | Americas Simple Meals and Beverages | $1,120| $1,069| $948 | | Global Biscuits and Snacks | $454 | $422 | $383 | | Campbell Fresh | ($9) | $60 | $61 | | Corporate¹ | ($147)| ($560)| ($236)| | Restructuring Charges² | ($18) | ($31) | ($102)| | **Total** | **$1,400**| **$960** | **$1,054** | **Depreciation and Amortization (in millions of dollars)** | Category | 2017 | 2016 | 2015 | |-------------------------------------|------|------|------| | Americas Simple Meals and Beverages | $118 | $117 | $123 | | Global Biscuits and Snacks | $98 | $96 | $94 | | Campbell Fresh | $83 | $77 | $70 | | Corporate³ | $19 | $18 | $16 | | **Total** | **$318** | **$308** | **$303** | **Capital Expenditures (in millions of dollars)** | Category | 2017 | 2016 | 2015 | |-------------------------------------|------|------|------| | Americas Simple Meals and Beverages | $117 | $105 | $137 | | Global Biscuits and Snacks | $127 | $122 | $137 | | Campbell
**Quarterly Data (Unaudited) for 2017**

1. **Net Sales**
   - **First Quarter:** $2,202 million
   - **Second Quarter:** $2,171 million
   - **Third Quarter:** $1,853 million
   - **Fourth Quarter:** $1,664 million

2. **Gross Profit**
   - **First Quarter:** $841 million
   - **Second Quarter:** $825 million
   - **Third Quarter:** $678 million
   - **Fourth Quarter:** $715 million

3. **Net Earnings Attributable to Campbell Soup Company**
   - **First Quarter:** $292 million
   - **Second Quarter:** $101 million
   - **Third Quarter:** $176 million
   - **Fourth Quarter:** $318 million

4. **Per Share - Basic**
   - **Net Earnings Attributable to Campbell Soup Company**
     - **First Quarter:** $0.95
     - **Second Quarter:** $0.33
     - **Third Quarter:** $0.58
     - **Fourth Quarter:** $1.05
   - **Dividends**
     - **First Quarter:** $0.35
     - **Second Quarter:** $0.35
     - **Third Quarter:** $0.35
     - **Fourth Quarter:** $0.35

5. **Per Share - Assuming Dilution**
   - **Net Earnings Attributable to Campbell Soup Company**
     - **First Quarter:** $0.94
     - **Second Quarter:** $0.33
     - **Third Quarter:** $0.58
     - **Fourth Quarter:** $1.04

6. **Market Price**
   - **High**
     - **First Quarter:** $62.30
     - **Second Quarter:** $63.50
     - **Third Quarter:** $64.23
     - **Fourth Quarter:** $59.14
   - **Low**
     - **First Quarter:** $52.74
     - **Second Quarter:** $52.59
     - **Third Quarter:** $56.05
     - **Fourth Quarter:** $50.62

This table presents the financial performance of Campbell Soup Company on a quarterly basis in 2017, detailing the net sales, gross profit, and net earnings, along with per-share amounts and market prices.
Transcribed Image Text:**Quarterly Data (Unaudited) for 2017** 1. **Net Sales** - **First Quarter:** $2,202 million - **Second Quarter:** $2,171 million - **Third Quarter:** $1,853 million - **Fourth Quarter:** $1,664 million 2. **Gross Profit** - **First Quarter:** $841 million - **Second Quarter:** $825 million - **Third Quarter:** $678 million - **Fourth Quarter:** $715 million 3. **Net Earnings Attributable to Campbell Soup Company** - **First Quarter:** $292 million - **Second Quarter:** $101 million - **Third Quarter:** $176 million - **Fourth Quarter:** $318 million 4. **Per Share - Basic** - **Net Earnings Attributable to Campbell Soup Company** - **First Quarter:** $0.95 - **Second Quarter:** $0.33 - **Third Quarter:** $0.58 - **Fourth Quarter:** $1.05 - **Dividends** - **First Quarter:** $0.35 - **Second Quarter:** $0.35 - **Third Quarter:** $0.35 - **Fourth Quarter:** $0.35 5. **Per Share - Assuming Dilution** - **Net Earnings Attributable to Campbell Soup Company** - **First Quarter:** $0.94 - **Second Quarter:** $0.33 - **Third Quarter:** $0.58 - **Fourth Quarter:** $1.04 6. **Market Price** - **High** - **First Quarter:** $62.30 - **Second Quarter:** $63.50 - **Third Quarter:** $64.23 - **Fourth Quarter:** $59.14 - **Low** - **First Quarter:** $52.74 - **Second Quarter:** $52.59 - **Third Quarter:** $56.05 - **Fourth Quarter:** $50.62 This table presents the financial performance of Campbell Soup Company on a quarterly basis in 2017, detailing the net sales, gross profit, and net earnings, along with per-share amounts and market prices.
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