PepsiCo’s financial statements are presented in Appendix A. The Coca-Cola Company’s financial statements are presented in Appendix B.

Instructions Refer to the financial statements and answer the following questions.

(a) Based on the information contained in these financial statements, determine the following for each company.

(1) Total assets at December 25, 2010, for PepsiCo, and for Coca-Cola at December 31, 2010.

(2) Accounts (notes) receivable, net at December 25, 2010, for PepsiCo and at December 31, 2010, for Coca-Cola.

(3) Net sales for year ended in 2010.

(4) Net income for year ended in 2010.

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

Real-World Focus