Problem 11-9 (Static) Prepare a common size balance sheet, 2016 LO 9 Use the following consolidated balance sheet for Campbell Soup Company annual report. CAMPBELL SOUP COMPANY Consolidated Balance Sheets (Millions, except per share amounts) July 31, 2016 $ 296 626 940 46 1.908 2,487 2,263 1,152 107 $7,837 Current assets Cash and cash equivalents Accounts receivable, net Inventories Other current assets Total current assets Plant assets, net of depreciation Goodwill Other intangible assets, net of amortization Other assets (534 as of 2016 attributable to variable interest entity) Total assets Current liabilities Short-term borrowings Payable to suppliers and others Accrued liabilities Dividend payable Accrued income taxes Total current Habilities Long-term debt Deferred taxes Other 1 abilities Total 11 abilities Commitments and contingencies Campbell Soup Company shareholders' equity Preferred stock authorized 40 shares: none issued Capital stock, 30.0375 par value; authorized 56 shares; ssued 25 shares Additional paid in capital Larning retained in the business Capital stack in treasury at cost $1,219 610 604 lee 22 2,555 2,314 396 1,039 6, 104 12 1,027 (64) 6,384 Total liabilities Commitments and Contingencies Campbell Soup Company shareholders' equity Preferred stock; authorized 40 shares; none issued Capital stock, se.e375 par value; authorized 568 shares; issued 323 shares Additional paid in capital Earnings retained in the business Capital stock in treasury, at cost Accumulated other comprehensive loss Total Campbell Soup Company shareholders' equity Noncontrolling interests Total equity Total liabilities and equity 12 354 1,927 (664) (104) 1,525 8 1,533 $7,837 Required: Prepare a common size balance sheet at July 31, 2016. (Round your answers to 1 decimal place.) % CAMPBELL SOUP COMPANY Common Size Balance Sheet July 31, 2016 Total current assets Plant assets. net of depreciation Goodwill Total other long-term assets Total assets Total current liabilities Total long-term liabilities (including deferred taxes) Total equity Total abilities and equity % 56 %