EXERCISE 4–1 Refer to the financial statements of Campbell Soup Company in Appendix A.

Required:

a. Compute the following analytical measures applied to Campbell Soup for both Years 10 and 11:

(1) Average total life span of plant and equipment.

(2) Average age of plant and equipment.

(3) Average remaining life of plant and equipment.

b. Discuss the importance of these ratios for analysis of Campbell Soup.