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Need help filling out this Sustainable Earnings Base worksheet for Campbell Soup. Campbell Soup Adjustment Worksheet for Sustainable Earnings Base (in millions of dollars) 2008
Need help filling out this Sustainable Earnings Base worksheet for Campbell Soup.
Campbell Soup Adjustment Worksheet for Sustainable Earnings Base (in millions of dollars) 2008 2007 Reported net income (loss) Add Pretax LIFO liquidation losses Losses on fixed-asset sales Losses on sales of investments Restructuring charges Investment writedowns Inventory writedowns Other asset writedowns Foreign currency losses Litigation charges Loss on patent infringement suit Exceptional bad debt provisions Nonrecurring expense increases Temporary revenue reductions Fair-value adjustments Other Other Other Other Other Subtotal _________ 2006 ___________ ___________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ ________ ________ ________ Times (1- combined federal and state tax rates) Tax-adjusted additions After-tax LIFO liquidation losses Increases in deferred tax valuation allowances Other nonrecurring tax charges Losses on discontinued operations Extraordinary losses Losses/cumulative-effect accounting changes Other Other Other Subtotal Total additions 2008 Deduct Pretax LIFO liquidation gains Gains on fixed asset sales Gains on sales of investments Gains on sales of other assets Reversals of restructuring charges Investment write-ups (trading account) Foreign currency gains Litigation revenues Gain on patent infringement suit Nonrecurring expense decreases Reversals of bad debt allowances Temporary revenue increases Prior period royalties Fair-value adjustments Bargain-purchases gains Other Other Other _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ 2007 2006 _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ Subtotal Times (1- combined federal and state tax rate) Tax-adjusted deductions After-tax LIFO liquidation gains Reductions in deferred tax valuation allowances Loss carryforward benefits--from prior periods Other nonrecurring tax benefit Gains on discontinued operations Extraordinary gains Gains/cumulative-effect accounting changes Other Other Other Subtotal Total deductions Sustainable earnings baseStep by Step Solution
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