a. Compute Campbell Soup's working capital at the end of Year 11. b. Campbell Soup reports net receivables totaling over $527 million. To whom has it extended credit and how much bad debt reserve is provided against these receivables? What percentage of total receivables is considered uncollectible? C. What cost flow assumption does Campbell Soup use for inventories? What is its inventory write-down policy? d. The inventory turnover ratio (cost of goods sold/average inventory) is a measure of inventory management effi- ciency and effectiveness. Compute the inventory turnover ratio for Campbell Soup and comment on ways that it might improve the ratio. e. How much is the LIFO reserve for Campbell Soup? What are the total tax benefits realized by Campbell Soup as of the end of fiscal Year 11 because it chose the LIFO inventory cost flow assumption (assume a 35% tax rate)? f. What would Campbell Soup's pretax income have been in Year 11 if it had chosen FIFO? g. What percentage of total assets is Campbell Soup's investment in plant assets? What depreciation method does it use for fixed assets? What percentage of historical cost is the accumulated depreciation amount associated with these assets? What can the percentage depreciated calculation reveal to an analyst about fixed assets? h. Campbell Soup reports intangible assets totaling about $436 million at the end of Year 11. What major trans- action(s) gave rise to this amount? CSE B. She CFS Equity CHE B.Sheet CFS 1:41 Done Campell Soup Income Statement.... Sales Earnings CSE B.Sheet crs Equity 1:43 Done Campell Soup Income Statement.... Sales Earnings Cse B.Sheet crs Equity 1. EL BE Sales Earnings CSE B.Sheet CFS Equity Done Campell Sou Sales & Earnings CSE B.Sheet CFS Consolidated Balance Sheet July 28 Year 11 July 29 Year 10 Current Assets 31 Cash&Cash equival (Note 12) 32 Other temp Investat cos approx. market 33 Accounts Receivable (Note 13) 34 Inventories (Note 14) 35 Prepaid Expenses (Note 15) 36 Total Current assets 178.9 12.8 527.4 706.7 92.7 1.SINS 80.7 225 6245 819.8 118.0 1.665.5 1,790,4 4355 37 Plant assets, net of deprec. (Note 16) 38 Intang assets, net of amortiz.(Note 17) 39 Other assets (Note 18) Total Assets 1,717.7 383.4 349.0 4,115.6 404.6 4.149.0 Current Liablities 40 Notes payable (Note19) 41 Payables to suppliers 42 Accrued liab. Note 20) 43 Dividend payable 44 Accrued income taxes 45 Total current liab. 46 Long-term debt (Note 19) 47 Other Liab.deferred income taxes (Note 21) 2822 482.4 408.7 37.0 67.7 1.2780 7726 305.0 2023 525.2 491.9 323 46.4 1.298.1 8058 3199 203 20.3 Shareowners Equity (Note 22) 48 Pref Stockauthorized 40M shares none issued Capital stock, 15 par value auth.140M shares, issued 49 135.622,676 shares 50 capital surplus 51 Eamings retained in business Capital stock in treasury, 8,618,911 shares ycar II. 52 6,353,697 shares Year 10 al cost 53 Cumulative translation adjustments (Note 4) 54 Total shareowners equity 55 Total Liabilities & Shareowners Equity 1073 1.912.6 -270.4 1.653.3 -1072 23.6 1,793.4 4.149.0 63.5 1,691.8 4.115.6
