Assume this is the stockholders' equity section from the Campbell Soup Company balance sheet.How do you get these two questions?1. At what average price were the Campbell Soup shares issued? (Round your answer to two decimal places.) 2. Calculate and interpret the company’s market-to-book ratio at August 1, 2008. Round answer to two decimal places.Shareholders' Equity (millions, except per share amounts)August 3, 2008July 29, 2007Preferred stock: authorized 40 shares; non issued$ --$ --Capital stock, $0.0375 par value; authorized 560 shares; issued 512 shares1919Additional paid-in capital337331Earnings retained in the business7,9067,052Capital stock in treasury, 186 shares in 2008 and 163 shares in 2007, at cost(6,812)(6,015)Accumulated other comprehensive loss(136)(123)Total shareholders' equity$ 1,314$ 1,264Assume Campbell Soup Company also reports the following statement of stockholders' equity. (Millions, except per share amounts)Capital StockAdditionalPaid-in CapitalEarningsRetained inthe BusinessAccumulatedOtherComprehensiveIncome (Loss)Totalshare-owners'EquityIssuedIn TreasurySharesAmountSharesAmountBalance at July 29, 2007512$ 19(163)$ (6,015)$ 331$ 7,052$ (123)$ 1,264Net earnings 1,195 1,195Comprehensive income (loss) (13)(13)Impact on adoption of FIN 48 Note 10) (9) (9)Dividends ($0.88 per share) (332) (332)Treasury stock purchased (26)(903) (903)Treasury stock issued under managementincentive and stock options plan 31066 112Balance at August 3, 2008512$ 19(186)$ (6,812)$ 337$ 7,906$ (136)$ 1,314

Accounting ratio compares the line items of the company (FS) financial statement which involves BS…

Answered: ume this is the stockholders' equity…

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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Assume this is the stockholders' equity section from the Campbell Soup Company balance sheet.

How do you get these two questions?

1. At what average price were the Campbell Soup shares issued? (Round your answer to two decimal places.)

2. Calculate and interpret the company’s market-to-book ratio at August 1, 2008.
Round answer to two decimal places.

Shareholders' Equity (millions, except per share amounts)	August 3, 2008	July 29, 2007
Preferred stock: authorized 40 shares; non issued	$ --	$ --
Capital stock, $0.0375 par value; authorized 560 shares; issued 512 shares	19	19
Additional paid-in capital	337	331
Earnings retained in the business	7,906	7,052
Capital stock in treasury, 186 shares in 2008 and 163 shares in 2007, at cost	(6,812)	(6,015)
Accumulated other comprehensive loss	(136)	(123)
Total shareholders' equity	$ 1,314	$ 1,264

Assume Campbell Soup Company also reports the following statement of stockholders' equity.

(Millions, except per share amounts)	Capital Stock	Additional Paid-in Capital	Earnings Retained in the Business	Accumulated Other Comprehensive Income (Loss)	Total share-owners' Equity
Issued	In Treasury
Shares	Amount	Shares	Amount
Balance at July 29, 2007	512	$ 19	(163)	$ (6,015)	$ 331	$ 7,052	$ (123)	$ 1,264
Net earnings						1,195		1,195
Comprehensive income (loss)							(13)	(13)
Impact on adoption of FIN 48 Note 10)						(9)		(9)
Dividends ($0.88 per share)						(332)		(332)
Treasury stock purchased			(26)	(903)				(903)
Treasury stock issued under managementincentive and stock options plan			3	106	6			112
Balance at August 3, 2008	512	$ 19	(186)	$ (6,812)	$ 337	$ 7,906	$ (136)	$ 1,314

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