Campbell Soup Company also reports the following statement of stockholders' equity. (a) Campbell Soup Company reports $12 million in its Common Stock account. Which of the following statements best describes the manner in which this number is computed? The computation uses the number of issued shares multiplied by the par value of the stock. The computation uses the number of issued shares multiplied by the market value of the stock. The computation uses the number of outstanding shares multiplied by the market price of the stock. The computation uses the number of outstanding shares multiplied by the par value of the stock. (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 negative numbers) transaction? (e) Which of the following statements best describes the transaction relating to the "Treasury stock purchased" line in the statement of stockholders' equity? Campbell Soup repurchased 3 million shares of common stock for a total of $143 million. This transaction had no effect on the components of Stockholders' Equity. x. Campbell Soup repurchased 3 million shares of common stock for a total of $143 million. The effect of this transaction is to increase Stockholders' Equity. Campbell Soup repurchased 3 million shares of common stock for a total of $143 million. The effect of the repurchase of stock is to reduce Cash and Stockholders' Equity. (f) Campbell Soup's stock price was $62.27 on July 29,2016 (the closest trading day to fiscal year-end). Determine the company's market capitalization that day. Enter answers in millions. Round answer to the nearest million. \& million (g) Calculate and interpret the company's market-to-book ratio at July 29,2016. Round answer to two decimal places. Campbell Soup Company also reports the following statement of stockholders' equity. (a) Campbell Soup Company reports $12 million in its Common Stock account. Which of the following statements best describes the manner in which this number is computed? The computation uses the number of issued shares multiplied by the par value of the stock. The computation uses the number of issued shares multiplied by the market value of the stock. The computation uses the number of outstanding shares multiplied by the market price of the stock. The computation uses the number of outstanding shares multiplied by the par value of the stock. (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 negative numbers) transaction? (e) Which of the following statements best describes the transaction relating to the "Treasury stock purchased" line in the statement of stockholders' equity? Campbell Soup repurchased 3 million shares of common stock for a total of $143 million. This transaction had no effect on the components of Stockholders' Equity. x. Campbell Soup repurchased 3 million shares of common stock for a total of $143 million. The effect of this transaction is to increase Stockholders' Equity. Campbell Soup repurchased 3 million shares of common stock for a total of $143 million. The effect of the repurchase of stock is to reduce Cash and Stockholders' Equity. (f) Campbell Soup's stock price was $62.27 on July 29,2016 (the closest trading day to fiscal year-end). Determine the company's market capitalization that day. Enter answers in millions. Round answer to the nearest million. \& million (g) Calculate and interpret the company's market-to-book ratio at July 29,2016. Round answer to two decimal places
