Homework Chapter 5.docx - UGBA 102A Introduction to Financial Accounting Victor Giner Ciaurriz Homework Chapter 5 E5 – 5 Campbell Soup Company

Homework Chapter 5.docx - UGBA 102A Introduction to...

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UGBA 102A Introduction to Financial Accounting Victor Giner Ciaurriz Homework Chapter 5 E5 – 5 Campbell Soup Company Consolidated Balance Sheet July 31, Current Year (in millions of dollars) ASSETS Current Assets Cash and cash equivalents $ 319 Accounts receivable 605 Inventories 902 Other current assets 74 Total current assets 1,900 Noncurrent assets Property, plant and equipment, net 2,454 Intangible assets 3,233 Other assets 139 Total assets $ 7,726 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accounts payable $ 666 Accrued expenses 581 Other current debt 1,148 Total current liabilities 2,395 Long – term liabilities Other noncurrent liabilities 3,686 Total liabilities 6,081 Stockholders’ equity Common Stock 371 Retained earnings 1,274 Total stockholders’ equity 1,645 Total liabilities and stockholders’ equity $ 7,726 E5 – 8
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UGBA 102A Introduction to Financial Accounting Victor Giner Ciaurriz Township Corporation Income Statement For the Year Ended December 31, current year Sales revenue $ 85,000 Cost of goods sold 55,000 Gross profit 30,000
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