A recent annual report for PepsiCo contained the following information for the period (dollars in millions): Net
Question:
A recent annual report for PepsiCo contained the following information for the period (dollars in millions):
Net income ............ $6,462
Depreciation and amortization ..... 2,737
Increase in accounts receivable ...... 666
Increase in inventory .......... 331
Increase in prepaid expense ........ 27
Increase in accounts payable ....... 520
Decrease in taxes payable ....... 340
Increase in other current liabilities ..... 589
Cash dividends paid ......... 3,157
Treasury stock purchased ....... 2,489
Required 1. Compute cash flows from operating activities for PepsiCo using the indirect method.
2. Compute the quality of income ratio.
3. What were the major reasons that PepsiCo’s quality of income ratio did not equal 1.0?
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... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Req 1 Cash flows from operating activitiesindirect method Net income 6462 ...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-0078025556
8th edition
Authors: Robert Libby, Patricia Libby, Daniel Short
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