The actual financial statements of PepsiCo, as presented in the company's 2003 Annual Report, are contained in Appendix A (at the back of the textbook).

Instructions Refer to PepsiCo's financial statements and answer the following questions.

(a) What were PepsiCo's total assets at December 27. 2003? At December 28,2002?

(b) How much cash (and cash equivalents) did PepsiCo have on December 27. 2003?

(c) What amount of accounts payable and other current liabilities did PepsiCo report on December 27, 2003? On December 28, 20027

(d) What were PepsiCo net sales in 2001? In 2002? In 2003?

(e) V\ hat is the amount of the change in PepsiCo's net income from 2002 to 2003?