Anda di halaman 1dari 4

Copyright

The Super Project


Harvard Business School Case 112-034
Case Software 2-298-723
Copyright 1997 by the President and Fellows of Harvard College
This case was prepared as the basis for class discussion rather than to
illustrate effective or ineffective handling of an administrative situation.

Page 1

Exhibit 1

Exhibit 1 Consolidated Balance Sheet of General Foods Corporation, Fiscal Year Ended
April 1, 1967 ($ millions)
Assets
Cash
Marketable securities
Receivables
Inventories
Prepaid expenses
Current assets
Land, buildings, equipment (at cost, less depreciation)
Long-term receivables and sundry assets
Goodwill
Total

$20
89
180
261
14
564
332
7
26
$929

Liabilities and Stockholders' Equity


Notes payable
Accounts payable
Accrued liabilities
Accrued income taxes
Current liabilities
Long-term notes
3-3/8% debentures
Other noncurrent liabilities
Deferred investment tax credit
Stockholders' equity
Common stock issued
Retained earnings
Common stock held in treasury, at cost
Stockholders' equity
Total

$22
86
73
57
238
39
22
10
9
164
449
(2)
611
$929

Common stockshares outstanding at year-end (millions)

25.127

Page 2

Exhibit 2

Exhibit 2

Common Stock Prices of General Foods Corporation, 1958-1967

Year

Low

High

1958
1959
1960
1961
1962
1963
1964
1965
1966
1967

$24
37-1/8
49-1/8
68-5/8
57
77-5/8
78-1/4
77-1/2
62
65-1/4

$39
53-7/8
75-1/2
107
96
90-1/2
93-1/4
89-7/8
83
81

Page 3

Exhibit 3
Exhibit 3

Summary of Statistical Data of General Foods Corporation, Fiscal Year 1958-1967 ($ millions, except assets per employee and figures on a share basis)
1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

Income Statement
Sales to customers (net)
$1,009
Cost of sales
724
Marketing, administrative and general expenses
181
Earnings before income taxes
105
Taxes on income
57
Net earnings
$48

$1,053
734
205
115
61
$54

$1,087
725
236
130
69
$61

$1,160
764
261
138
71
$67

$1,189
769
267
156
84
$72

$1,216
769
274
170
91
$79

$1,338
838
322
179
95
$84

$1,478
937
362
177
91
$86

$1,555
965
406
185
91
$94

$1,652
1,012
449
193
94
$99

24
24

28
26

32
29

35
32

40
32

45
34

50
34

50
36

53
41

55
44

$1.99

$2.21

$2.48

$2.69

$2.90

$3.14

$3.33

$3.44

$3.73

$3.93

1.00

1.15

1.30

1.40

1.60

1.80

2.00

2.00

2.10

2.20

Assets, Liabilities, and Stockholders' Equity


Inventories
169
Other current assets
144
Current liabilities
107
Working capital
206
Land, buildings, equipment, gross
203
Land, buildings, equipment, net
125
Long-term debt
49
Stockholders' equity
287
a
Stockholders' equity per common share
11.78

149
180
107
222
221
132
44
315

154
200
126
230
247
148
40
347

189
171
123
237
289
173
37
384

183
204
142
245
328
193
35
419

205
206
162
249
375
233
34
454

256
180
202
234
436
264
23
490

214
230
173
271
477
283
37
527

261
266
219
308
517
308
54
569

261
303
238
326
569
332
61
611

12.87

14.07

15.46

16.8

18.17

19.53

20.99

22.64

24.32

28
11

24
14

35
15

40
18

42
21

57
24

70
26

54
29

65
32

59
34

$128
21
$21

$138
22
$22

$147
22
$23

$162
25
$22

$171
28
$22

$180
28
$23

$195
30
$24

$204
30
$25

$218
30
$29

$237
32
$29

Dividends on common shares


Retain earningscurrent year
Net earnings per common share

Dividends per common share

Capital Program
Capital additions
Depreciation
Employment Data
Wages, salaries, and benefits
Number of employees (in thousands)
Assets per employee ($ thousands)

a
Per-share figures calculated on shares outstanding at year-end and adjusted for 2-for-1 stock split in August 1960.

Page 4

Anda mungkin juga menyukai