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3 years ago

Selected Financial Data

Business

1 answer:

Len [333]3 years ago

3 0

Answer:

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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