The actual financial statements of PepsiCo, Inc., as presented in the companys 2007 annual report, are contained

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The actual financial statements of PepsiCo, Inc., as presented in the company’s 2007 annual report, are contained in Appendix A (at the back of the textbook).
Instructions
Refer to Pepsi’s financial statements and answer the following questions.
(a) What were Pepsi’s total assets at December 29, 2007? At December 30, 2006?
(b) How much cash (and cash equivalents) did Pepsi have on December 29, 2007?
(c) What amount of accounts payable did Pepsi report on December 29, 2007? On December 30, 2006?
(d) What were Pepsi’s net sales in 2005? In 2006? In 2007?
(e) What is the amount of the change in Pepsi’s net income from 2006 to 2007?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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