(b) At what average price were the Campbell Soup shares issued? (Round your answer to two decimal places.)

(c) Reconcile the beginning and ending balances of retained earnings.

(Enter any deductions as a negative numbers.)

($ millions)
Retained earnings, July 29, 2007	Answer
Net earnings	Answer
Dividends	Answer
Miscellaneous	Answer
Retained earnings, August 3, 2008	Answer

(f) Campbell Soups stock price was $35.85 on August 1, 2008 (the closest trading day to fiscal year-end). Determine the companys market capitalization that day. Enter answers in millions. Round answer to the nearest million. $Answer (g) Calculate and interpret the companys market-to-book ratio at August 1, 2008. Round answer to two decimal places. Answer

Analyzing and Computing Average Issue Price and Treasury Stock Cost Assume this is the stockholders' equity section from the Campbell Soup Company balance sheet. Shareholders' Equity (millions, except per share amounts) August 3, 2008 July 29, 2007 Preferred stock: authorized 40 shares, non issued $- Capital stack. $0.0375 par value: authorized 560 shares, issued 582 shares 22 Additional paid in capital Earnings retained in the business 7.930 7,112 Capital stock in treasury 186 shares in 2008 and 163 shares in 2007, at cost (6812) (6,015) Accumulated other comprehensive loss (136) (123) Total shareholders equity $ 1,341 $1,327 22 337 331 Assume Campbell Soup Company also reports the following statement of stockholders' equity. Capital Stock Accumulated Earnings Other Total Issued In Treasury Additional Retained in Comprehensive share-owners' (Millions, except per share amounts) Shares Amount Shares Amount Paid-in Capital the Business Income (Loss) Equity Balance at July 29, 2007 582 $22 (163) 5(6,015) 5331 57,112 5 (123) $ 1,327 Net earnings 1,175 1.175 Other comprehensive income (loss) (13) (13) Impact on adoption of FIN 48 Note 10) (10) (10) Dividends ($0.88 per share) (347) (347) Treasury stock purchased (26) (903) (903) Treasury stock issued under management incentive and stock options plan 3 106 6 112 Balance at August 3, 2008 582 $ 22 (186) 5(6,812) $ 337 $7.930 5 (136) $ 1,341