PepsiCo's financial statements are presented in Appendix A. Coca-Cola's financial statements 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 27. 2003. for PepsiCo, and for Coca-Cola, at December 31.

2003.

(2) Accounts (notes) receivable, net at December 27, 2003, for PepsiCo and at December 31, 2003, for Coca-Cola.

(3) Net sales for year ended in 2003.

(4) Net income for year ended in 2003.

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