Wk 1 Part 2 Test 1

1. The following is selected financial information for Campbell Soup Company from its Form 10-K filed

with the SEC for the year ended July 29, 2012(in millions):

Cash assets	$335
Operating cash flows	1,120
Sales	7,707
Stockholders equity	898
Cost of goods sold	4,715
Financing cash flows	(920)
Total liabilities	5,632
Noncash assets	6,195
Investing cash flows	(323)
Other expenses	2,218

Prepare each of the following financial statements for Campbell Soup Company in proper

form:

• Income statement
• Balance sheet
• Statement of cash flows

2. The following is selected financial information for Walmart, Inc. for its year ending January 31, 2013 (in millions):

Retained earnings, January 31, 2012 ..	$ 68,691
Contributed capital, January 31, 2012 .	3,692
Dividends ..	5,361
Net income	17,683
Stock repurchase .	(7,709)
Other .	1,364
Other, January 31, 2012 ..	3,378

Prepare a statement of stockholders' equity for 2013 for Walmart. All amounts are in millions.

3. At December 31, 2012 Dells retained earnings were $44,220 million. During the year 2013, Dell reported net income of $14,333 million and paid a dividend of $1,345 million. Determine Dells retained earnings as of December 31, 2013.

4. Compute the missing financial amounts (a) and (b):

($ millions)	Assets		Liabilities		Equity
Company A	$ 11,600		( a )		$8,500
Company B	$44,500		$ 35,600		( b )

5. Accutune Audio reported the following amounts in its December 31, 2013, and 2012 financial statements.

($ millions)	2013	2012
Sales revenue	$145,000	$156,000
Cost of sales	81,000	84,000
Net income	7,600	8,400
Total assets	38,500	35,200
Stockholders equity	13,200	21,500

Calculate to the nearest hundredth:

A. Return on equity for

B. 2013Debt-to-equity ratio as of December 31, 2013

Wk 1 - Part 2 - Test 1 1. The following is selected financial information for Campbell Soup Company from its Form 10-K filed with the SEC for the year ended July 29, 2012(in millions): Cash assets Operating cash flows Sales Stockholders' equity Cost of goods sold Financing cash flows Total liabilities Noncash assets Investing cash flows Other expenses $335 1,120 7,707 898 4,715 (920) 5,632 6,195 (323) 2,218 Prepare each of the following financial statements for Campbell Soup Company in proper form: Income statement Balance sheet Statement of cash flows 2. The following is selected financial information for Walmart, Inc. for its year ending January 31, 2013 (in millions): Retained earnings, January 31, 2012 .............. Contributed capital, January 31, 2012 ............. Dividends .................................................. Net income ................................................ Stock repurchase ........................................ Other .................................................... Other, January 31, 2012 ............................. $ 68,691 3,692 5,361 17,683 (7,709) 1,364 3,378 Prepare a statement of stockholders' equity for 2013 for Walmart. All amounts are in millions. 3. At December 31, 2012 Dell's retained earnings were $44,220 million. During the year 2013, Dell reported net income of $14,333 million and paid a dividend of $1,345 million. Determine Dell's retained earnings as of December 31, 2013. 4. Compute the missing financial amounts (a) and (b): ($ millions) Company A Company B 5. Assets $ 11,600 $44,500 Liabilities (a) $ 35,600 Equity $8,500 (b) Accutune Audio reported the following amounts in its December 31, 2013, and statements. ($ millions) 2013 2012 Sales revenue $145,000 $156,000 Cost of sales 81,000 84,000 Net income 7,600 8,400 Total assets 38,500 35,200 Stockholders' equity 13,200 21,500 Calculate to the nearest hundredth: A. Return on equity for B. 2013Debt-to-equity ratio as of December 31, 2013 2012 financial