Use the following consolidated balance sheet for Campbell Soup Company annual report. CAMPBELL SOUP COMPANY Consolidated Balance Sheets (Millions, except per share amounts) July 31, 2016 Current assets Cash and cash equivalents $ 296 Accounts receivable, net 626 Inventories 940 Other current assets 46 Total current assets 1,908 Plant assets, net of depreciation 2,407 Goodwill 2,263 Other intangible assets, net of amortization 1,152 Other assets ($34 as of 2016 attributable to variable interest entity) 107 Total assets $ 7,837 Current liabilities Short-term borrowings $ 1,219 Payable to suppliers and others 610 Accrued liabilities 604 Dividend payable 100 Accrued income taxes 22 Total current liabilities 2,555 Long-term debt 2,314 Deferred taxes 396 Other liabilities 1,039 Total liabilities 6,304 Commitments and Contingencies Campbell Soup Company shareholders' equity Preferred stock; authorized 40 shares; none issued — Capital stock, $0.0375 par value; authorized 560 shares; issued 323 shares 12 Additional paid-in capital 354 Earnings retained in the business 1,927 Capital stock in treasury, at cost (664 ) Accumulated other comprehensive loss (104 ) Total Campbell Soup Company shareholders' equity 1,525 Noncontrolling interests 8 Total equity 1,533 Total liabilities and equity $ 7,837 Total current assets = % Plant assets, Net of depreciation = ? % Goodwill = ? % Total other Long-term Assets = ? % Part 2 Total Current Liabilities = ? % Total Long-Term Liabilities (including Deferred Taxes) = ? % Total Equity = ? %

Use the following consolidated balance sheet for Campbell Soup Company annual report. CAMPBELL SOUP COMPANY Consolidated Balance Sheets (Millions, except per share amounts) July 31, 2016 Current assets Cash and cash equivalents $ 296 Accounts receivable, net 626 Inventories 940 Other current assets 46 Total current assets 1,908 Plant assets, net of depreciation 2,407 Goodwill 2,263 Other intangible assets, net of amortization 1,152 Other assets ($34 as of 2016 attributable to variable interest entity) 107 Total assets $ 7,837 Current liabilities Short-term borrowings $ 1,219 Payable to suppliers and others 610 Accrued liabilities 604 Dividend payable 100 Accrued income taxes 22 Total current liabilities 2,555 Long-term debt 2,314 Deferred taxes 396 Other liabilities 1,039 Total liabilities 6,304 Commitments and Contingencies Campbell Soup Company shareholders' equity Preferred stock; authorized 40 shares; none issued — Capital stock, $0.0375 par value; authorized 560 shares; issued 323 shares 12 Additional paid-in capital 354 Earnings retained in the business 1,927 Capital stock in treasury, at cost (664 ) Accumulated other comprehensive loss (104 ) Total Campbell Soup Company shareholders' equity 1,525 Noncontrolling interests 8 Total equity 1,533 Total liabilities and equity $ 7,837 Total current assets = % Plant assets, Net of depreciation = ? % Goodwill = ? % Total other Long-term Assets = ? % Part 2 Total Current Liabilities = ? % Total Long-Term Liabilities (including Deferred Taxes) = ? % Total Equity = ? %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Use the following consolidated balance sheet for Campbell Soup Company annual report.

CAMPBELL SOUP COMPANY
Consolidated Balance Sheets
(Millions, except per share amounts)
	July 31, 2016
Current assets
Cash and cash equivalents		$	296
Accounts receivable, net			626
Inventories			940
Other current assets			46
Total current assets			1,908
Plant assets, net of depreciation			2,407
Goodwill			2,263
Other intangible assets, net of amortization			1,152
Other assets ($34 as of 2016 attributable to variable interest entity)			107
Total assets		$	7,837
Current liabilities
Short-term borrowings		$	1,219
Payable to suppliers and others			610
Accrued liabilities			604
Dividend payable			100
Accrued income taxes			22
Total current liabilities			2,555
Long-term debt			2,314
Deferred taxes			396
Other liabilities			1,039
Total liabilities			6,304
Commitments and Contingencies
Campbell Soup Company shareholders' equity
Preferred stock; authorized 40 shares; none issued			—
Capital stock, $0.0375 par value; authorized 560 shares; issued 323 shares			12
Additional paid-in capital			354
Earnings retained in the business			1,927
Capital stock in treasury, at cost			(664	)
Accumulated other comprehensive loss			(104	)
Total Campbell Soup Company shareholders' equity			1,525
Noncontrolling interests			8
Total equity			1,533
Total liabilities and equity		$	7,837

Total current assets = %

Plant assets, Net of depreciation = ? %

Goodwill = ? %

Total other Long-term Assets = ? %

Part 2

Total Current Liabilities = ? %

Total Long-Term Liabilities (including Deferred Taxes) = ? %

Total Equity = ? %

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 4 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Financial Reporting in Hyperinflationary Economies

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.