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a. Compute Campbell Soup's working capital at the end of Year 11. b. Campbell Soup reports net receivables totaling over $527 million. To whom has it extended credit and how much bad debt reserve is provided against these receivables? What percentage of total receivables is considered uncollectible? C. What cost flow assumption does Campbell Soup use for inventories? What is its inventory write-down policy? d. The inventory turnover ratio (cost of goods sold/average inventory) is a measure of inventory management effi- ciency and effectiveness. Compute the inventory turnover ratio for Campbell Soup and comment on ways that it might improve the ratio. e. How much is the LIFO reserve for Campbell Soup? What are the total tax benefits realized by Campbell Soup as of the end of fiscal Year 11 because it chose the LIFO inventory cost flow assumption (assume a 35% tax rate)? f. What would Campbell Soup's pretax income have been in Year 11 if it had chosen FIFO? g. What percentage of total assets is Campbell Soup's investment in plant assets? What depreciation method does it use for fixed assets? What percentage of historical cost is the accumulated depreciation amount associated with these assets? What can the percentage depreciated calculation reveal to an analyst about fixed assets? h. Campbell Soup reports intangible assets totaling about $436 million at the end of Year 11. What major trans- action(s) gave rise to this amount? Done Campell Sou Sales & Earnings CSE B.Sheet CFS Consolidated Balance Sheet July 28 Year 11 July 29 Year 10 Current Assets 31 Cash&Cash equival (Note 12) 32 Other temp Investat cos approx. market 33 Accounts Receivable (Note 13) 34 Inventories (Note 14) 35 Prepaid Expenses (Note 15) 36 Total Current assets 178.9 12.8 527.4 706.7 92.7 1.SINS 80.7 225 6245 819. 118.0 1.665.5 1.790.4 4355 37 Plant assets, net of deprec. (Note 16) 38 Intang assets, net of amortiz.(Note 17) 39 Other assets (Note 18) Total Assets 1,717.7 383.4 349.0 4,115.6 4046 4.149.0 Current Liablities 40 Noles payable (Note19) 41 Payables to suppliers 42 Accrued liab.Note 20) 43 Dividend payable 44 Accried income taxes 45 Total current liab. 46 Long-term debt (Note 19) 47 Other Lab.deferred Income taxes (Note 21) 2822 482.4 408.7 37.0 67.7 1.2780 7726 305.0 2023 525.2 491.9 323 46.4 1.298.1 805.8 3199 203 20.3 Shareowners Equity (Note 22) 48 Pref Stock; authorized 40M shares none issued 49 Capital stock, 15 par value, auth.140M shares, issued 135.622,676 shares 50 capital surplus 51 Eamings retained in business Capital stock in treasury, 8,618,911 shares ycar II. 52 6,353,697 shares Year 10 al cost 53 Cumulative translation adjustments (Note 4) 54 Total shareowners equity 55 Total Liabilities & Shareowners Equity 1073 1.912.6 61.9 1.653.3 -1072 635 -270.4 23.6 1,793.4 4.149.0 1.691.N 4.115.6 1:43 Done Campell Soup Incom Sales&Earnings CSE B.Sheet CFS Equity Year Earnings Cempel North Amca USA Canada 31 Camp Bull & Bakery Pope Farm Ennemaina Bot STO S. 2194 536 11.2 651 394 -117 Inic 20 TA Total Operating in Ohulkah h Interest, Net FX Trans 411 -558 -1950 -3.4 Notari GS 2.10 Net Earnings per Share Year 1 388.1 as Campell USA 1213 Campell Canal Pupper Farme: 11,0 International out 143 Camp 185.4 Year 1 Cape USA:183,1 Campell C 6,0 PuigFarm International Capella 18.4 Sales&Earnings CSE B.Sheet CFS Equity Consolidated Statements of Cash Flow Year 10 4013 44 2006 2009 1933 155 19 16 -0.4 10.7 46 121 48. 306 -06 052 -J61.1 34.9 -2841 393 -15 19 Cash Plus Front Operating Acties 56 Net Earnings To reconciled coming to provided by 59 Depric Ameet 8 DivestitsReconstruction provisions 39 Deferred Taxes 6 Other 61 Increase) descrease in Act Receivable 62 Increase denne in vendi 63 Natchinge in other curand Liab. of Net cash provided by operating activities Cases from Investing Activities 65 Purchases of plants 66 of plantas 67 business squired 6 sales of businesses 9 Increase in the * Net change in the temp investments 71 Nel cabed is inciting activities Cash Monstrucing Activities 72 Longombing 73 Repayments of long term borrowings 74 Iner det.in bron: LT 3 mot Maturity 75 other shemburrowing 76 Repayments of other short term bomo 77 Dividende 7 Treasury Stack purchases 19 Treasury Stackinud 0 Oher, 81 Net cash provided by financing activities 82 Effect of exchange rates on cash * Net Incide) la cash cash equivales 84 Cash&cheques a begining of year * Cash&anh equivale and year 21.2 186 -578 9.7 -4782 90 JIS 4028 1365 -11 1123 -3064 1135 10 29 -191 . - IN 423 -0.1 12.4 -0.1 -DOL 0.7 002 185 5 ! .12.1 35.1 58 0. 1789 Sales&Earnings CSE B.Sheet CFS Equity Cated Sequity Puffed Capital 1 Sari Retained Cap Stack on Tran Total Shur Am E They 13.1 -1184 Not Eng Casa Dividende 100 Share Treasury awkwk Treasury Sed Manglen & stock option RS 126 Tram 87 BY Neting 00 SOR L738 44 1369 1,212 4+ 411 11.1 46 15.7 614 Treasury Sk Punch Treasury Stacked under Manglicct dock option Translation Balance Y10 Narning 29 Cash Dends 1.13 Share Try Stock Purch Treasury Stock 91 ander lang.lucrat.& DD 20:3 619 -1073 25 4015 -14 -1786 -1756 578 -101 91 Sales of Foreigner Balance YIL Changes in Number of Shares - 100 N14 11 1926 Datud. Try Ralance July -250 2016 Taluma Jals | 135193 6. * 523411 135.1227 -39954 Balance July Trware Pune Trwary Stock and under Nuginomiske prin Balance July YIL - 1130 B.Sheet CFS Sales&Earnings CSE Consolidated Statements of Warnings Year 11 6,2041 Year 10 6,2058 Year 5.672.1 13 Net Sales Cast & Expenses 14 Cost of Products Sol 15 Marketing & Sell Expenses 16 Adminstrative Expenses 17 R&D Expenses 18 Interest Expense (Note 3) 19 Interest Income 20 FX Loses.net (Note 4) 21 Other Expence (Note 5) 22 Divert. Recons.charges (Note 6) 22A Total cost & Expenses 4,0955 9562 3067 563 1162 -260 US 262 4.001.6 818. 252.1 47.7 94.1 4,2582 980.5 290.7 53.2 111.6 -17.6 33 14.7 339.1 6,0342 193 32.4 143.0 5,531.9 5.570.7 6722 171.6 101.4 Eamings Before Equity in Earnings of 23 affiliates & minority interests 24 Equity in camings of affiliates 25 Minority Interests 2.4 13.5 10.4 -53 -3.7 26 Eamings before taxes 27 Taxes on earnings (Note 6674 2659 1063 175.0 44 13.1 28 Net Earnings 29 Net Earnings per share (Note 22) 30 Weighted average shares outstanding 4015 3.16 1270 0.03 1296 0.10 1293

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