Pls solve for question e

Campbell Refer to the annual report of Campbell Soup Company in Appendix A CASE 3-3 a. Determine the book value per share of Campbell Soup's common stock for Year 11 b. Identity the par value of Campbell Soup's common shares. Determine the number of common shar Equity Requireds issued, and outstandinga Determine how many common shares Campbell Soup repurchased as treasury stock for Year 11. Deterni price at which Campbell Soup repurchased the shares CHECK ld Year 11 repurchase price, $51.72 CASE 3-4 Leasing in tr Aerine Inustry The airline industry is one of the more volatile industries. During lean years in the early 1996, the industry wiped out the earnings it had reported during its entire history. Pan America Airlines ceased operations, while Continental Airlines, TWA, and US filed for banknuptcy protection. The industry bounced back in the mid-1990s, riding on the wings of the US. economic prosperity and lower energy prices. The airlines have been especialy profitable since 1996, with retums on equity often in excess of 25% The stock market has re- ognized the stellar growth in profitability as market capitalization of many airlines has tripled since then Volatility in airlines' earnings arises from a combination of demand volatility, cost structure, and competitive pricing Air travel demand is cyclical and sensitive to the economy's mance. The cost structure of airlines is dominated by fixed costs, resulting in high operating leverage. While most airlines break even at 60% flight occupancy, deviations from this can earnings soaring upward or downward. Also, the airline industry is price competitive. Because of their cost structure (dow variable but high fixed costs), airlines tend to reduce fares to increase market share during a downturn in demand. These fare reductions often lead to price wars, whici reduces average unit revenue. Hence, airfares are positively correlated with volume of demand resulting in volatile revenues. When this revenue variability is combined with fixed costs, it yields volatile earnings Airline companies lease all types of assets-aircraft, airport terminal, maintenance facilitices property, and operating and office equipment. Lease terms as 25 years. While many companies report some capital leases on the balance sheet, most com panies are increasingly structuring their leases, long-term and short condensed balance shects and income statements alone w 1998 and 1997 annual reports for AMR (American Airlin (United Airlines) follow. range from less than a vear to as much linesfollof(Arm as operating leases. The R with excerpts of lease notes from the Delta Airlines, and UAL -ter AMR 1998 1997 198 1997 1998 DELTA UAL Balance Sheets (S millions) Assets Current assets Freehold assets (net) Leased assets (net) $ 4,875 $4,986 $3.362 2867 $2.,908$ 12,239 11073 9.022 7,695 10,951 2.147 2.086 299 347 2.103 Intangibles and ether Total assets 3,042 2.714 1201.832 2.597 9,080 $22,303 $20,859 $14,503 $12,741 $18,559 $15.464 (ci