Question
Using interest expense from Campbell Soup Company's FY 2014 income statement and debt information from the balance sheet (only), compute the Company's average borrowing rate.
Using interest expense from Campbell Soup Company's FY 2014 income statement and debt information from the balance sheet (only), compute the Company's average borrowing rate. Note: Given the change in debt balances during the past year, compute an average borrowing and debt balance using FY 2014 and 2013 amounts from the balance sheet. The Company's average borrowing rate for FY 2014 was:
| a. | 4.84% | |
| b. | 3.08% | |
| c. | 3.19% | |
| d. | 2.88% |
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The Training And Development Audit
Authors: Rosemary Harrison
2nd Edition
0955970725, 978-0955970726
