This problem is based on the 2011 annual report of Campbell Soup Company. Answer

Question

This problem is based on the 2011 annual report of Campbell Soup Company. Answer the following questions. Refer to the Selected Financial Data for parts (a) to (d).

  

Find the net sales in 2008. (Enter your answer in millions.)

     

Calculate the operating income in 2007. (Enter your answer in millions.)

     

Calculate the difference between operating income and net income in 2009. (Enter your answer in millions.)

     

     

e. Find the amount of interest paid for 2011 in the Notes to the Consolidated Financial Statements. (Enter your answer in millions.)

     

Find the number of stock optios exercisable at July 31, 2011 in the Notes to the Consolidated Financial Statements. (Enter your answer in thousands.)

http://lectures.mhhe.com/connect/0077515846/Chapter%2010/Number%20of%20stock%20options%20exercisable.JPG

     

Find the net sales to customers outside the United States for 2011 in the Notes to the Consolidated Financial Statements. (Enter your answer in millions.)

     

Find the cost of products sold for the third quarter of 2011 in the Notes to the Consolidated Financial Statements.(Enter your answer in millions.)

http://lectures.mhhe.com/connect/0077515846/Chapter%2010/Cost%20of%20products.JPG

     

This problem is based on the 2011 annual report of Campbell Soup Company. Answer the following questions. Refer to the Selected Financial Data for parts (a) to (d).

This problem is based on the 2011 annual report of Campbell Soup Company. Answer the following questions. Refer to the Selected Financial Data for parts (a) to (d).

Explanation / Answer

a. Net sales in 2008 = $ 7,998 million

b. Operating income in 2007 = $ 1,243 million

c. Difference between operating income and net income in 2009 = $ 1185 million - $ 736 million = $ 449 million

d. Net income decreased compared to the previous year, in the following years: 2009 and 2011

e. Interest paid in 2011 = $ 142 million

f. Number of stock options exercisable at July 31, 2011 (in thousands) = 8,706

g. Net sales to customers outside the United States for 2011 = $ 7719 million - $ 5309 million = $ 2,410 million

h. Cost of products sold for the third quarter of 2011 = 1813-732 = $ 1,081 million

Hope this helped ! Let me know in case of any queries.

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