Price/earnings ratio. Use $33.05 as the year-end market price. (Round your answe

Question

Price/earnings ratio. Use $33.05 as the year-end market price. (Round your answer to 1 decimal place.)

            

Dividend yield Campbell Soup Company. (Round your answer to 1 decimal place.)

Dividend payout ratio. (Round your answer to 1 decimal place.)

  

Number of days' sales in accounts receivable, based on a 365-day year. (Round your final answers to 1 decimal place.)

            

Number of days' sales in inventory, based on a 365-day year.(Round your final answers to 1 decimal place.)

            

            

            

             

  

            

Debt/equity ratio. (Round your answer to 1 decimal place.)

            

  

Net sales per employee. (Enter your answer in dollars.)

            

Operating income per employee. (Note: In a page not reproduced in the appendix, Campbell's 2011 annual reportdisclosed that on July 31, 2011, the company had approximately 17,500 employees.) (Enter your answer in dollars.)

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Price/earnings ratio. Use $33.05 as the year-end market price. (Round your answer to 1 decimal place.)

ooo T-Mobile LTE 12:34 AM lectures.mhhe.com CAMPRELL SOUP COMIPANY Consolidated Statements of Earnings Net sales Costs and expenses Cost of peoducts sold Marketing and selling expenses Administrative expenses Reseanch and developement espenses... 416 4526 4558 107 1058 1077 612 1 123 114 4 61 13 .646325 40 Total costs and expenses Earnings before interest and tases Inerest expense. 64 6328640 122 112 110 Earnings befoee taxes Taxes on earnings Earnings from continuing operatioes Eanings from discontinaed operations Net earnings 1168 13421079 347 S2 84 732 82 4 736 Net earnings attributable to Campbell Soup Company Per Share-Basie Earnings from continuing operations attributable to Campbell Soup $ 244 $244 20 0.01 206 Earnings from discontinaed operations atrbutable to Campbell Soup , $ 244 244 Net earnings attributable to Canapbell Soup Company Weighted average shares outstanding bas Per Share-Assuming Dilutin 326 Earnings from continuing operations attributable to Camphell Soup 242 S 242 203 001 $242 $$16 Earnings from discontinaed operations attributable to Campbell Soup $ 242 Net earnings attributable to Canaphell Soup Company.. Weighted average shases outstanding- asseming dilution 242 205 - 54 The sum of individaal per share amounts does not equal doe to sounding accompanying Soe Notes to Consolidated Financial Statements CAMPRELL SOUP COMPANY Consolidated Balance Sheets Current assets

Explanation / Answer

Sinc, there are multiple parts to the question and first question has 5 parts, the first part has been answered in full.

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Part 1 and Part 3)

To calculate number of days' sales in accounts receivable, we need to calculate the accounts receivable turnover ratio. The formula for calculating accounts receivable turnover ratio and number of days' sales in receivables is given below:

Accounts Receivable Turnover Ratio = Net Sales/Average Accounts Receivable where Average Accounts Receivable = (Opening Accounts Receivable + Closing Accounts Receivable)/2

Number of Days' Sales in Receivables = 365/Accounts Receivable Turnover Ratio

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Using the values provided in the question, we get,

Accounts Receivable Turnover Ratio = (7,719)/[(512 + 560)/2] = 14.40 times

Number of Days' Sales in Receivables = 365/14.40 = 25.35 days

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Part 2 and Part 4)

To calculate number of days' sales in inventory, we need to calculate the inventory turnover ratio. The formula for calculating inventory turnover ratio and number of days' sales in inventory is given below:

Inventory Turnover Ratio = Cost of Goods Sold/Average Inventory where Average Inventory = (Opening Inventory + Closing Inventory)/2

Number of Days' Sales in Inventory = 365/Inventory Turnover Ratio

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Using the values provided in the question, we get,

Inventory Turnover Ratio = (4,616)/[(724 + 767)/2] = 6.19 times

Number of Days' Sales in Inventory = 365/6.19 = 58.97 days

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Part 5)

The property plant and equipment turnover ratio can be calculated with the use of following formula:

Property Plant and Equipment Turnover Ratio = Net Sales/Average Fixed Assets

where Average Fixed Assets = (Opening Fixed Assets+Closing Fixed Assets)/2

______

Using the values provided in the question, we get,

Property Plant and Equipment Turnover Ratio = 7,719/[(2,051 + 2,103)/2] = 3.72 times

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