I need the answer for e and g, please explain the result, thanks!
Analyzing and Computing Average Issue Price and Treasury Stock Cost Assume this is the stockholders' equity section from the Campbell Soup Company balance sheet. Shareholders' Equity (millions, except per share amounts) August 3, 2008 July 29, 2007 Preferred stock: authorized 40 shares; non issued $- Capital stock, $0.0375 par value: authorized 560 shares, issued 512 shares 19 19 Additional paid-in capital 337 331 Earnings retained in the business 7,906 7,052 Capital stock in treasury, 186 shares in 2008 and 163 shares in 2007, at cost (6,812) (6,015) Accumulated other comprehensive loss (136) (123) Total shareholders' equity $1,314 $1,264 Assume Campbell Soup Company also reports the following statement of stockholders' equity. Capital Stock Accumulated Earnings Other Total Issued In Treasury Additional Retained in comprehensive share-owners' (Millions, except per share amounts) Shares Amount Shares Amount Paid-in Capital the Business Income (Loss) Equity Balance at July 29, 2007 512 $ 19 ( (163) $ (6,015) $ 331 $ 7,052 $(123) $ 1,264 Net earnings 1,195 1,195 Comprehensive income (loss) (13) (13) Impact on adoption of FIN 48 Note 10) (9) (9) Dividends ($0.98 per share) (332) (332) Treasury stock purchased (26) (903) (903) Treasury stock issued under managementincentive and stock options plan 3 3 106 112 Balance at August 3, 2008 512 $ 19 (186) $ (6,812) $ 337 $ 7,906 $(136) $ 1,314 (c) Reconcile the beginning and ending balances of retained earnings. (Enter any deductions as negative numbers.) ($ millions) Retained earnings, July 29, 2007 $ 7,052 Net earnings 1,195 Dividends (332) Miscellaneous (9) Retained earnings, August 3, 2008 $ 7,906 (f) Campbell Soup's stock price was $35.85 on August 1, 2008 (the closest trading day to fiscal year-end). Determine the company's market capitalization that day. Enter answers in millions. Round answer to the nearest million. $ 0 X million (g) Calculate and interpret the company's market-to-book ratio at August 1, 2008. Round answer to two decimal places. Analyzing and Computing Average Issue Price and Treasury Stock Cost Assume this is the stockholders' equity section from the Campbell Soup Company balance sheet. Shareholders' Equity (millions, except per share amounts) August 3, 2008 July 29, 2007 Preferred stock: authorized 40 shares; non issued $- Capital stock, $0.0375 par value: authorized 560 shares, issued 512 shares 19 19 Additional paid-in capital 337 331 Earnings retained in the business 7,906 7,052 Capital stock in treasury, 186 shares in 2008 and 163 shares in 2007, at cost (6,812) (6,015) Accumulated other comprehensive loss (136) (123) Total shareholders' equity $1,314 $1,264 Assume Campbell Soup Company also reports the following statement of stockholders' equity. Capital Stock Accumulated Earnings Other Total Issued In Treasury Additional Retained in comprehensive share-owners' (Millions, except per share amounts) Shares Amount Shares Amount Paid-in Capital the Business Income (Loss) Equity Balance at July 29, 2007 512 $ 19 ( (163) $ (6,015) $ 331 $ 7,052 $(123) $ 1,264 Net earnings 1,195 1,195 Comprehensive income (loss) (13) (13) Impact on adoption of FIN 48 Note 10) (9) (9) Dividends ($0.98 per share) (332) (332) Treasury stock purchased (26) (903) (903) Treasury stock issued under managementincentive and stock options plan 3 3 106 112 Balance at August 3, 2008 512 $ 19 (186) $ (6,812) $ 337 $ 7,906 $(136) $ 1,314 (c) Reconcile the beginning and ending balances of retained earnings. (Enter any deductions as negative numbers.) ($ millions) Retained earnings, July 29, 2007 $ 7,052 Net earnings 1,195 Dividends (332) Miscellaneous (9) Retained earnings, August 3, 2008 $ 7,906 (f) Campbell Soup's stock price was $35.85 on August 1, 2008 (the closest trading day to fiscal year-end). Determine the company's market capitalization that day. Enter answers in millions. Round answer to the nearest million. $ 0 X million (g) Calculate and interpret the company's market-to-book ratio at August 1, 2008. Round answer to two decimal places
