Carlton Soup Company is the world's leading maker and marketer of soup and sells other...
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Accounting
Carlton Soup Company is the world's leading maker and marketer of soup and sells other well-known brands of food in 160 countries. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in millions) presented in alphabetical order:
Accounts payable
$
650
Other assets
$
139
Accounts receivable
590
Other current assets
76
Accrued expenses
625
Other current debt
1,120
Cash and cash equivalents
304
Other noncurrent liabilities
3,763
Common stock, $0.0375 par value
392
Property, plant, and equipment, net
2,382
Intangible assets
3,063
Retained earnings
976
Inventories
972
Required:
Prepare a classified consolidated balance sheet for Carlton Soup for the current year (ended July 31). (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
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