Question
Campbell Soup reported discontinued operations in its Form 10Q for the third quarter ended April 28, 2019. The company reported that, during the third quarter,
Campbell Soup reported discontinued operations in its Form 10Q for the third quarter ended April 28, 2019. The company reported that, during the third quarter, it sold its Garden Fresh Gourmet business for approximately $55 million and also signed a definitive agreement for the sale of Bolthouse Farms for $510 million and expects to close the deal before July 2019. The company disclosed the following related to these discontinued operations ($ millions).
For the Nine Months Ended | April 28, 2019 |
---|---|
Net sales | $666 |
Earnings (loss) from operations, after-tax | (279) |
Loss on sale of businesses, net of tax | (52) |
Loss from discontinued operations | $(331) |
a. What amount of sales revenue did Campbell Soup earn from Garden Fresh Gourmet and Bolthouse for the first three quarters of fiscal 2019? b.What amount of earnings did Campbell Soup report from Garden Fresh Gourmet and Bolthouse for the first three quarters of fiscal 2019?
c.What was the combined selling price for Garden Fresh Gourmet and Bolthouse Farm.Ignoring tax effects, what is the approximate combined net book value of Garden Fresh Gourmet and Bolthouse Farms at the date of their respective disposals?
d.Ignoring tax effects, what is the approximate combined net book value of Garden Fresh Gourmet and Bolthouse Farms at the date of their respective disposals?
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