Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What percentage would the following be for this balance sheet? Total current assets Plant assets, net of depreciation Goodwill Total other long- term assets Total

What percentage would the following be for this balance sheet? Total current assets Plant assets, net of depreciation Goodwill Total other long- term assets Total current liabilities Total non concurrent liabilities (including deferred taxes)Total equity

image text in transcribed
Use the following consolidated balance sheet for Campbell Soup Company annual report. CAMPBELL SOUP COMPANY Consolidated Balance Sheets (Millions, except per share amounts) August 2, 2020 Current assets Cash and cash equivalents $ 859 Accounts receivable, net 575 Inventories 871 Other current assets 80 Current assets of discontinued operations Total current assets 2, 385 Plant assets, net of depreciation 2, 368 Goodwill 3 , 986 Other intangible assets, net of amortization 3, 350 Other assets ($76 as of 2019 attributable to variable interest entity) 283 Noncurrent assets of discontinued operations Total assets $ 12,372 Current liabilities Short-term borrowings $ 1, 202 Payable to suppliers and others 1, 049 Accrued liabilities 693 Dividends payable 107 Accrued income taxes 24 Current liabilities of discontinued operations Total current liabilities 3, 075 Long-term debt 4, 994 Deferred taxes 914 Other liabilities 820 Noncurrent liabilities of discontinued operations Total liabilities 9, 803 Commitments and Contingencies Campbell Soup Company shareholders' equity Preferred stock; authorized 40 shares; none issued Capital stock, $0.0375 par value; authorized 560 shares; issued 323 shares 12 Additional paid-in capital 394 Earnings retained in the business 3, 190 Capital stock in treasury, at cost (1, 023) Accumulated other comprehensive loss (10) Total Campbell Soup Company shareholders' equity 2, 563 Noncontrolling interests 6 Total equity 2, 569 Total liabilities and equity $ 12, 372 Required: Prepare a common size balance sheet at August 2, 2020. Note: Round your percentage answers to 1 decimal place (i.e., 0.123 should be entered as 12.3)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial And Managerial Accounting

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura

6th Edition

0134486838, 978-0134486833

More Books

Students also viewed these Accounting questions

Question

Values: What is important to me?

Answered: 1 week ago

Question

Purpose: What do we seek to achieve with our behaviour?

Answered: 1 week ago

Question

An action plan is prepared.

Answered: 1 week ago