The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies
Question:
The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies’ complete annual reports, including the notes to the financial statements, are available online.
Instructions
Use the companies’ financial information to answer the following questions.
a. Which company had the greater percentage increase in total assets from 2019 to 2020?
b. Using the information in the income statements of these two companies, determine their 3-year average growth rates related to net sales and net income.
c. Which company had more depreciation and amortization expense for 2020? Provide a rationale as to why there is a difference in these amounts between the two companies.
Step by Step Answer:
Intermediate Accounting
ISBN: 9781119790976
18th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield