The financial statements of PepsiCo, Inc. are presented in Appendix A at the end of this textbook.

Question:

The of PepsiCo, Inc. are presented in Appendix A at the end of this textbook.
Instructions
Answer the questions on the following page using the Consolidated and the Notes to Consolidated section.
(a) What were PepsiCo’s total current assets at December 29, 2007 and December 30, 2006?
(b) Are assets that PepsiCo included under current assets listed in proper order? Explain.
(c) How are PepsiCo’s assets classified?
(d) What are “cash equivalents”?
(e) What were PepsiCo’s total current liabilities at December 29, 2007 and December 30, 2006?

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... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...