Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall

Exercise 6

Understanding note disclosures and financial summary data This problem is based on the 2014 annual report of Campbell Soup Company in the appendix. Find in the Selected Financial Data (also known as the Five-Year Review), or calculate, the following data:
a. Net sales in 2011.
b. Operating income (earnings before interest and taxes) in 2010.
c. Difference between operating income and net income (net earnings) in 2012.
d. Year(s) in which net income decreased compared to the previous year.
Find the following data for 2014 in the Notes to Consolidated Financial Statements:
e. Amount of interest paid in 2014.
f. Number of stock options exercisable at August 3, 2014.
g. Net sales to customers outside the United States in 2014.
h. Cost of products sold for the third quarter of 2014.