PepsiCo's financial statements are presented in Appendix B. Financial statements of The Coca-Cola Company are presented in Appendix C. The complete annual reports of PepsiCo and Coca-Cola, including the notes to the financial statements, are available at each company's respective website.

Instructions
a. Based on the information contained in these financial statements, determine each of the following for each company:
1. Cash and cash equivalents balance as of the most recent fiscal year-end.
2. Increase (decrease) in cash and cash equivalents from 2018 to 2019 per the balance sheet.
3. Net cash provided by operating activities during the year ended December 2019 (from statement of cash flows).
b. What conclusions concerning the management of cash can be drawn from these data?