Operating income versus net income. Refer to the selected financial data (five-year financial summary) on figure shown
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Compare the trend of the operating income (earnings before interest and taxes) data with the trend of net income (net earnings attributable to Campbell Soup Company) data from 2007 through 2011. Which series of data is more meaningful? Explain youranswer.
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FIVE-YEAR REVIEW-CONSOLIDATED Fiscal Year 20111) 2010(2) 2003) 2008(4) 2007(5 Millions, except per share amounts) Summary of Operations Eamings from continuing operations.-. Earmings from discontinued operations._. 802 844 732 67 792 62 4 494 Net earnings attributable to Campbell Soup Company.....805 844 736 1,165 854 Financial Position Per Share Data Earnings from continuing operations attributable to Campbell Soup Company basic. 2.44 S 244 2.05 1.77 2.02 Earnings from continuing operations attributable to Campbell Soup Company Net earnings attributable to Campbell Soup Company_basic Net earnings attributable to Campbell Soup Company_ y assuming dilution ..._...2.422.42 2.03 1.75 99 2.44 244 2.06 3.06 2.18 Dividends declared. Other Statistics Capital expenditures . . .. Weighted average shares outstanding basic Weighted average shares outstanding assuming dilution 272 S 315 S 345 S 298 334 326 34352 373 386 329 3 354 377 392
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2011 2010 2009 2008 2007 Operating income earnings before interest and taxes 1279 1348 1185 1098 124...View the full answer
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Related Book For
Accounting What the Numbers Mean
ISBN: 978-0078025297
10th edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
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