DE18-18 A skeleton of Campbell Soup Company's balance sheet at August 1, 19X9 (as adapted) appears as

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DE18-18 A skeleton of Campbell Soup Company's balance sheet at August 1, 19X9 (as adapted) appears as follows (amounts in millions): Balance Sheet Cash Receivables 6. Total current liabilities. $ 3,146

(a) Long-term debt...

(e) Inventories. 615 Other long-term liabilities 811 Prepaid expenses

(b) Total current assets. (C) Common stock... 402 Plant assets, net

(d) Retained earnings... 4,041 Other assets Total assets. 2.502 Other stockholders' equity (4,208) $5,522 Total liabilities and equity. S (f Use the following ratio data to complete Campbell Soup's balance sheet:

a. Debt ratio is 0.9574.

b. Current ratio is 0.4113.

c. Acid-test ratio is 0.1739.

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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