Question

Help Save & Eat Submit The following information was taken from Campbell Corporation's SEC filings. Number of employees Revenues (in millions) Properties (in thousands) Total assets (in millions) Company-owned stores Net earnings (in millions) Fiscal Year Ended October 1, 2017 October 2, 2016 282,000 256,000 $ 23,987 $ 22,916 6,352 square feet 6,307 square feet 14,400 $ 14,347 15,775 12,736 $ 3,185 $ ). 118 ces Required a. Indicate whether each line of information in the table above would best be described as being primarily financial accounting managerial accounting in nature. c.&d. Based on the data identified as financial or managerial in nature from requiremental does it appear that Campbell 2017 year was better or worse than its 2016 fiscal year? e. Calculate the revenue and earnings per employee and per thousand feet to determine which year 2017 or 2016 Campbell appeared to be using its facilities more efficiently Next > R of 10

Answer 1

Number of employees, properties (in thousands), company owned stores are managerial accounting in nature.

Revenues (in millions), total assets (in millions), Net earnings (in millions) are financial accounting in nature.

The company seems to be in growth phase. It has added more stores in 2017. However the revenues have increased marginally only and the earnings have also marginally increased. The properties are more or less same. Total assets are also same so the company must have made use of internal accruals to buy new stores. Number of employees have also increased. The company is expecting sales in coming years to increase. 2017 has been an year of expansion of stores and the sales may increase in future. Financially the earnings have grown by a smaller proportion than the number of stores added.

	2017	2016
Revenue per employee	0.09	0.09
Earnings per employee	0.01	0.01
Revenue per thousand feet	3.78	3.63
Earnings per thousand feet	0.50	0.49
The company used its facilities more efficiently in
As per Employee parameter			Both year, same efficiency
As per thousand feet parameter			2017 marginally higher