PepsiCos financial statements are presented in Appendix A. Financial statements of The Coca-Cola Company are presented in

Question:

PepsiCo’s financial statements are presented in Appendix A. Financial statements of The Coca-Cola Company are presented in Appendix B. Instructions

(a) Based on the information contained in these financial statements, determine the following for each company.

(1) Total assets at December 29, 2007, for Pepsi and for Coca-Cola at December 31, 2007.

(2) Accounts (notes) receivable, net at December 29, 2007, for Pepsi and at December 31, 2007, for Coca-Cola.

(3) Net sales for year ended in 2007.

(4) Net income for year ended in 2007.

(b) What conclusions concerning the two companies can be drawn from these data?

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...