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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 Cash and cash equivalents Common stock, $0.0375 par value Intangible assets Inventories 668 590 610 323 386 3,083 1,008 Other assets Other current assets Other current debt Other noncurrent liabilities Property, plant, and equipment, net Retained earnings 136 72 1,075 3,994 2,457 936 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 At July 31, Current Year (in millions) Assets Current Assets: Cash and cash equivalents Accounts receivable Inventories $ 323
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