DE18-18 A skeleton of Campbell Soup Company's balance sheet at August 1, 19X9 (as adapted) appears as
Question:
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.
Step by Step Answer:
Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones