Use the statements of earnings for Campbell Soup Company to perform a vertical analysis for each item reported for the last two fiscal years using net sales as the base. What does your analysis tell you about the operations for the yearsreported?

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Campbell Soup Company Consolidated Statements of Earnings imillions, except per share amounts 2009 53 Weeks 007 52 Weeks 2006 52 Weeks $7.998 $7 6,894 Costs and expenses Marketing and selling expenses Administrative expenses Research and development expenses 1,162 608 115 4,384 1,106 571 4,100 1,033 552 103 (30) Total costs and expenses Earnings Before Interest and Taxes.... ......._....... ........1,098 Earnings before taxes Earnings from continuing operations.. 1,243 163 1,097 165 167 1,099 671 Earnings from discontinued operations 31.16 85466 1.77 $3.12 $2.21 1.88 Per Share- Basie Eamings from continuing operations Eanings from discontinued operations ....$ 1.80 1.32 16 Per Share-Assuming Dilution *2.00 16 $3.06-2.16 1.76 1.74 Net Earnings .. Welghted average shares outstanding-assuming dilution $1.85 414