Selected Financial DataFiscal Year 2017 2016 2015 2014 2013 (Millions, except per share amounts) Summary of Operations Net sales $7,890 $7,961 $8,082

5 answers
Question:

Selected Financial Data Fiscal Year 2017 2016 2015 2014 2013
(Millions, except per share amounts)
Summary of Operations
Net sales $7,890 $7,961 $8,082 $8,268 $8,052
Earnings before interest and taxes ... 1,400 960 1,054 1,267 1,474
Earnings before taxes. 1,293 849 949 1,148 1,349
Earnings from continuing operations 887 563 666 774 934
Earnings (loss) from discontinued operations 81 (231)
Net earnings . 887 563 666 855 703
Net earnings attributable to Campbell Soup Company
887 563 666 866 712
Financial Position Plant assets - net.$2,454 $2,407 $2,347 $2,318 $2,260
Total assets 7,726 7,837 8,077 8,100 8,290
Total debt 3,536 3,533 4,082 4,003 4,438
Total equity. 1,645 1,533 1,377 2,602 2,192
Per Share Data
Earnings from continuing operations attributable to Campbell Soup Company - basic
$ 2.91 $ 1.82 $ 2.13 $ 2.50 $ 3.00
Earnings from continuing operations attributable to Campbell Soup Company - assuming dilution.
2.89 1.81 2.13 2.48 2.97
Net earnings attributable to Campbell Soup Company - basic
2.91 1.82 2.13 2.76 2.27
Net earnings attributable to Campbell Soup Company - assuming dilution
2.89 1.81 2.13 2.74 2.25
Dividends declared 1.40 1.248 1.248 1.248 1.16
Other Statistics Capital expenditures .$ 338 $ 341 $ 380 $ 347 $ 336
Weighted average shares outstanding - basic.
305 309 312 314 314
Weighted average shares outstanding - assuming dilution.
307 311 313 316 317 dilution .
This problem is based on the 2017 annual report of Campbell Soup Company.
Required: Find in the Selected Financial Data or calculate, the following data:
a. Dividends per share declared in 2017.
b. Capital expenditures in 2016.
c. Year total equity grew by the greatest amount over the previous year.
d. Change in total debt from 2013 to 2017.
Find the following data for 2017 in the Notes to the Consolidated Financial Statements:
e. Amount of finished products inventory for 2017 in the Notes to the Consolidated Financial Statements.
f. The company's effective income tax rate for 2017 in the Notes to the Consolidated Financial Statements.
g. Net sales of the Global Biscuits and Snacks segment for 2017 in the Notes to the Consolidated Financial Statements. h. Market price range of common stock for the fourth quarter of 2017 in the Notes to the Consolidated Financial Statements.

Answers

BUSINESS SOLUTIONS

Retained or Accrued Earnings Statement

For Three Months Coincided On December 31, 2017

Retained earnings, October 1, 2017 $—

Contribute: Net earnings $22,425 with $22,425

Fewer: Allowance $(7,800)

Retained earnings, December 31, 2017

= $14,625

What are the answer options?

Campbell Soup Company

a. Dividends per share declared in 2017 is:

= $1.40.

b. Capital expenditure in 2016 is:

= $ 341 million.

c. Year total equity grew by the greatest amount over the previous year is 2014.  It grew by 18.7%.

d. The total debt reduced by $902 million (about 20.3%) from 2013 to 2017.

Notes to the 2017 Consolidated Financial Statements:

e. Finished products inventory for 2017 is:

= $525 million

f. Effective income tax rate for 2017:

= 31.4%

g. Net Sales for the Global Biscuits and Snacks segment for 2017 is:

= $2,598 million.

h. Market price range of common stock for the fourth quarter of 2017 is:

$59.51 to $67.89

Explanation:

a) Data and Calculations:

Fiscal Year                                         2017      2016     2015     2014     2013

(Millions, except per share amounts)

Summary of Operations

Net sales                                        $7,890  $7,961  $8,082  $8,268  $8,052

Earnings before interest and taxes 1,400      960     1,054     1,267      1,474

Earnings before taxes                     1,293       849        949     1,148      1,349

Earnings: continuing operations       887       563        666       774       934

Earnings (loss) from discontinued operations                              81       (231)

Net earnings                                      887       563        666       855       703

Net earnings attributable to

Campbell Soup Company                887        563        666      866        712

Financial Position:

Plant assets - net                        $2,454  $2,407    $2,347  $2,318 $2,260

Total assets                                   7,726     7,837      8,077    8,100    8,290

Total debt                                      3,536    3,533      4,082   4,003    4,438

Total equity                                    1,645     1,533       1,377   2,602    2,192

Highest Growth in equity               18.7% (2014)

Per Share Data

Earnings from continuing operations attributable to

Campbell Soup Company - basic  $2.91     $1.82     $2.13   $2.50   $3.00

Earnings from continuing operations attributable to Campbell Soup

Company - assuming dilution        2.89        1.81       2.13     2.48      2.97

Net earnings attributable to Campbell

Soup Company - basic                   2.91        1.82       2.13     2.76     2.27

Net earnings attributable to Campbell Soup

Company- assuming dilution       2.89         1.81        2.13     2.74    2.25

Dividends declared                       1.40         1.248     1.248   1.248   1.16

Other Statistics:

Capital expenditures                 $ 338       $ 341     $ 380   $ 347  $ 336

Weighted average shares

outstanding - basic                     305          309         312       314      314

Weighted average shares outstanding

 - assuming dilution                    307           311          313       316      317

Total debt in 2013 = 4,438

Total debt in 2017 = 3,536

Change =                    902

Percentage change = -20.3%

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the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

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