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E5-5 (Algo) Preparing a Classified Balance Sheet LO5-3 Carlton Soup Company is the world's leading maker and marketer of soup and sells other well-known
E5-5 (Algo) Preparing a Classified Balance Sheet LO5-3 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 662 Other assets 136 Accounts receivable 600 Other current assets 64 Accrued expenses 626 Other current debt 1,160 Cash and cash equivalents 321 Other noncurrent liabilities 3,698 Common stock, $0.0375 par value 386 Intangible assets 3,043 Property, plant, and equipment, net Retained earnings 2,292 Inventories 972 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 Ch
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