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Need help with this one please answer all parts of the question a-e thanks. Also

ID: 2328916 • Letter: N

Question

Need help with this one please answer all parts of the question a-e thanks. Also, use the financial statement, balance sheet and financial data to help you.


Using data from the Financial Statement, Balance Sheet and Financial Data of Campbell Soup Company. Required a. Calculate ROI for 2014. (Do not round intermediate calculations. Round your answer to 1 decimal place.) ROI This is a numeric cell, so please enter numbers only. b. Calculate ROE for 2014. (Round your answer to 1 decimal place.) ROE c.Calculate working capital at August 3, 2014, and July 28, 2013. (Enter your answer in millions. Negative value should be indicated by a minus sign.) 08/03/2014 07/28/2013 Working Capital d. Calculate current ratio at August 3, 2014, and July 28, 2013. (Round your answers to 2 decimal places.) 08/03/2014 07/28/2013 Current ratio e. Calculate Acid-test ratio at August 3, 2014, and July 28, 2013. (Round your answers to 2 decimal places.) 08/03/2014 07/28/2013 Acid-test Ratio

Explanation / Answer

a. ROI=Net income/Investment Net income=Net earnings attributable to campbell company=$ 818 Investment=Total debt+Total equity Total debt=Total liabilities=$ 6510 Total equity=$ 1603 Investment=6510+1603=$ 8113 ROI=818/8113=0.1008=10.08% b. ROE=Net income/Shareholder's equity Net income=Net earnings attributable to campbell company=$ 818 Shareholder's equity=Total equity=$ 1603 ROE=818/1603=0.5103=51.03% c. Working capital=Current asset-Current liabilities Aug 3,2014 July 28,2013 Current assets 2100 2221 Less: Current liabilities 2989 3282 Working capital -889 -1061 d. Current ratio=Current asset/Current liabilities Aug 3,2014 July 28,2013 Current assets 2100 2221 Current liabilities 2989 3282 Current ratio 0.70 0.68 e. Acid-test ratio=(Current assets-Inventories)/Current liabilities Aug 3,2014 July 28,2013 Current assets 2100 2221 Less: inventories 1016 925 1084 1296 Current liabilities 2989 3282 Acid-test ratio 0.36 0.39