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Carlton Soup Company is the world's leading maker and marketer of soup and sells other well-known brands of food in 160 countries. Presented here are
Carlton Soup Company is the world's leading maker and marketer of soup and sells other well-known brands of food in 160 countries. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in millions) presented in alphabetical order: Accounts payable Accounts receivable Accrued expenses Other assets Other current assets Other current debt 662 585 599 302 135 68 1,060 3,709 2,307 966 Cash and cash equivalents Common stock, $0.0375 par value Intangible assets Inventories Other noncurrent liabilities Property, plant, and equipment, net Retained earnings 380 3,023 956 Required: Prepare a classified consolidated balance sheet for Carlton Soup for the current year (ended July 31). (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) CARLTON SOUP COMPANY Consolidated Balance Sheet (in millions) Assets Current Assets: Total current assets Total assets Liabilities and Stockholders' Equity Current liabilities: Total current liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity
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