80.2K

Verified Solution

Link Copied!

help plis

Problem 10-11 (Static) Understanding note disclosures and financial summary data LO 10-4, 10-5, 10-9 This problem is based on the 2020 annual report of Campbell Soup Company. Answer the following questions. Refer to the Selected financial data (see page 16 . The PDF in the link may not be accessible.) for parts (a) to (d). Required: a. Find the net sales in 2017. Note: Enter your answer in millions. b. Calculate the operating income (earnings before interest and taxes) in 2016. Note: Enter your answer in millions. c. Calculate the difference between operating income (earnings before interest and taxes) and net income (net earnings) in 2018. Note: Enter your answer in millions. d. Find the year(s) in which net income (net earnings) decreased compared to the previous year. e. Find the amount of interest paid for 2020 in the interest paid. (See page 83 . The PDF in the link may not be accessible.). Note: Enter your answer in millions. f. Find the number of stock options exercisable at August 2, 2020 in the Stock options. (See page 78 . The PDF in the link may not be accessible.). Note: Enter your answer in thousands. 9. Find the net sales to customers outside the United States for 2020 in the Geographic segment information. (See page 56 . The PDF in the link may not be accessible.). Note: Enter your answer in millions. h. Find the cost of products sold for the third quarter of 2020 in the Quarteriy data. (See page 84. The PDF in the link may not be accessible.). Note: Enter your answer in millions. Item 6. Selected Financial Data Fiscal Year (Millions, except per share amounts) Summary of Operations Net sales 2019(2)2020(1)220180)2016(5)2017(4) Earnings before interest and taxes Eamings before taxes Earnings from continuing operations Earnings (loss) from discontinued operations Net earnings Net earnings attributable to Campbell Soup Company $8,6911,1077665921,0361,6281,628$8,107979625474(263)211211$6,6151,010830724(463)261261$5,8371,4311,316924(37)887887$5,86886575150954563563 Financial Position Total assets Total debt (6) Total equity Per Share Data Eamings from continuing operations attributable to Campbell Soup Company - basic $12,3726,1962,569$13,1488,7121,112$14,5299,8941,373$7,7263,5361,645$7,8373,5331,533 Eamings from continuing operations attributable to Campbell Soup Company - assuming dilution Net earnings attributable to Campbell Soup Company - basic S 1.96$1.57$2.41$3.03$1.65 Net earnings attributable to Campbell Soup Company - assuming dilution Dividends declared Other Statistics Capital expenditures Weighted average shares outstanding - basic- Weighted average shares outstanding - assuming dilution 5.361.40.701.40.861.402.891.401.811.248

Answer & Explanation Solved by verified expert

See Answer