EX-17. Analying and Computing Average Price and Treasury St Cest Following is the schede equity section from the pump impunylulance sheet Campbells in lieu of the more common of ockhollers equity Shareowners' Equity (millions, excepl per share amounts) July 20, 2016 July 30, 2017 Prated to authorized on sted Capital stock 50375 per authorized 500 shares od 323 sares 12 12 Additional paid in 350 Engewined in the business 2.224 2.35 Capital Introwy. Most 17.1001 1. Acorder comprehensive To Carpal Sou Company share out 1354 Non controlling to 51373 Campbell Soup Company also reports the following statement of stockholders equity. Capital Stock Earnings Accumulated Issued In Treasury Additional Retained Other (millions, except per Paid-in in the Comprehensive Noncontrolling Total share amounts) Shares Amount Shares Amount Capital Business Income (Loss) Interests Equity Balance at July 30, 2017 323 $12 (22) 5(1,066) $359 $2,385 $(53) sa $1,645 Net camings 261 261 Other comprehensive income (1) (65) 1 (64) Dividends (S1.40 per shares (422) Treasury stock purchased (2) (86) (86) Treasury stock issued under management incentive and stock option plans 49 (10) 39 Balance at July 29, 2018 323 $12 (22) S(1,103) $349 $2.224 $(118) $1,373 (422) a. Show the computation, using par value and share numbers, to arrive at the $12 million in the capital (common) stock account. b. At what average price were the Campbell Soup shares issued? c Reconcile the beginning and ending balances of retained earnings. d. Campbell Soup reports an increase in shareowners' equity relating to the exercise of stock options (titled "Treasury stock issued under management incentive and stock option plans). This transac- tion involves the purchase of common stock by employees at a preset price. Describe how this set of transactions affects stockholders' equity. e Describe the transaction relating to the Treasury stock purchased" line in the statement of share- owners' equity 5. Campbell Soup's stock price was $32.99 on July 29, 2018. Determine the company's market capi- talization that day * Calculate and interpret the company's market-to-book ratio at July 29, 2018