Complete Chapter 3 Application Questions Exercises 2 found on page 98 Use Exhibit 3 8 found on page 91 to complete the 20 financial ratios for Campbell Soup (Case 15 p C91 C101) Use the financial information located on C98 C100 to calculate each ratio You will need a cite for the data you use See pages 418 421 in your textbook for formulas Use the table below Number Ratio Name Formula Values Used Calculated Ratio 1 Current Ratio Current Assets Current Liabilities 1908 2,555 75 2 Quick Ratio Current Assets Inventory Current Liabilities 1908 940 2555 38 3 Cash Ratio Cash Current Liabilities 296 2555 12 4 Total Debt Ratio Total assets Total Equity Total Assets 7837 1533 7837 80 5 Debt to Equity Ratio Total Debt Total SH Equity 6304 1533 4 11 6 Equity Multiplier Total Assets Total Equity 7837 1533 5 11 7 Inventory Turnover Sales Inventory of finished goods 296 940 8 Fixed assets turnover Sales Fixed Assets 9 Total assets Turn over Sales Total Assets 10 AR Turnover ACR AR NTS AAR 11 ACP AR TCS 365 AR NETSALES 12 Gross Profit Margin Sales COGS Sales 13 Operating Profit Margin Earnings before taxes and interest (EBIT) Sales 14 Net Profit Margin Net Income Sales 15 ROA Net Icome Total Assets 16 ROE Net Income Total Equity 17 EPS Net Income of common stock shares outstanding 18 Price earnings Stock Price EPS 19 Sales Growth Ratio 20 Net Income Growth Ratio CAMPBELL SOUP COMPANY Consolidated Statements of Earnings (millions, except per s amou 2016 52 weeks 2015 52 weeks 2014 53 weeks Net sales $ 7,961 $8 082 $8,268 Costs and expenses 5,181 893 641 124 131 31 7,001 960 115 5,300 884 601 Cost of products sold 929 576 122 Marketing and selling expenses Administrative expenses Research and development expenses Other expenses (income) 24 102 7,028 1,054 108 Restructuring charges Total costs and expenses Earnings before interest and taxes Interest expense Interest income Earnings before taxes Taxes on earnings Earnings from continuing operations Earnings from discontinued operations Net earnings 7,001 1,267 122 849 286 563 1,148 374 774 81 855 949 283 563 Less Net earnings (loss) attributable to noncontrolling interests Net earnings attributable to Campbell Soup Company Per Share Basic Earnings from continuing operations attributable to Campbell Soup Company $ 563 S 666 S 866 $ 1 82 S 2 13 S 2 50 Go to library tab in Connect to access Case Financials Source Campbell Soup Company Annual Report, 2016 C98 CASE 15 CAMPBELL HOW TO KEEP THE SOUP SIMMERING

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Complete Chapter 3 Application Questions & Exercises: #2 found on page 98. Use Exhibit 3.8 found on page 91 to complete the 20 financial ratios

Complete Chapter 3 Application Questions & Exercises: #2 found on page 98.

Use Exhibit 3.8 found on page 91 to complete the 20 financial ratios for Campbell Soup (Case #15 - p. C91-C101). Use the financial information located on C98-C100 to calculate each ratio. You will need a cite for the data you use. See pages 418 421 in your textbook for formulas. Use the table below.

Number	Ratio Name	Formula	Values Used	Calculated Ratio
1	Current Ratio	Current Assets / Current Liabilities	1908/2,555	.75
2	Quick Ratio	Current Assets- Inventory / Current Liabilities	1908-940/2555	.38
3	Cash Ratio	Cash / Current Liabilities	296/2555	.12
4	Total Debt Ratio	Total assets-Total Equity/ Total Assets	7837-1533/7837	.80
5	Debt to Equity Ratio	Total Debt/ Total SH Equity	6304/1533	4.11
6	Equity Multiplier	Total Assets / Total Equity	7837/1533	5.11
7	Inventory Turnover	Sales/Inventory of finished goods	296/940
8	Fixed assets turnover	Sales/Fixed Assets
9	Total assets Turn over	Sales/Total Assets
10	AR Turnover	ACR/AR: NTS/AAR
11	ACP	AR/TCS/365: AR/NETSALES
12	Gross Profit Margin	Sales-COGS/Sales
13	Operating Profit Margin	Earnings before taxes and interest (EBIT)/Sales
14	Net Profit Margin	Net Income/Sales
15	ROA	Net Icome/Total Assets
16	ROE	Net Income/Total Equity
17	EPS	Net Income/# of common stock shares outstanding
18	Price-earnings	Stock Price/EPS
19	Sales Growth Ratio
20	Net Income Growth Ratio

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CAMPBELL SOUP COMPANY Consolidated Statements of Earnings (millions, except per s amou 2016 52 weeks 2015 52 weeks 2014 53 weeks Net sales $ 7,961 $8.082 $8,268 Costs and expenses 5,181 893 641 124 131 31 7,001 960 115 5,300 884 601 Cost of products sold 929 576 122 Marketing and selling expenses Administrative expenses Research and development expenses Other expenses/ (income) 24 102 7,028 1,054 108 Restructuring charges Total costs and expenses Earnings before interest and taxes Interest expense Interest income Earnings before taxes Taxes on earnings Earnings from continuing operations Earnings from discontinued operations Net earnings 7,001 1,267 122 849 286 563 1,148 374 774 81 855 949 283 563 Less: Net earnings (loss) attributable to noncontrolling interests Net earnings attributable to Campbell Soup Company Per Share- Basic Earnings from continuing operations attributable to Campbell Soup Company $ 563 S 666 S 866 $ 1.82 S 2.13 S 2.50 Go to library tab in Connect to access Case Financials Source: Campbell Soup Company Annual Report, 2016 C98 CASE 15 CAMPBELL: HOW TO KEEP THE SOUP SIMMERING