The financial statements of PepsiCo, Inc. are presented in Appendix A at the end of this textbook.

Instructions Answer the questions below using the Consolidated Balance Sheet and the Notes to Consolidated Financial Statements section.

(a) What were PepsiCo’s total current assets at December 25, 2010, and December 26, 2009?

(b) Are assets that PepsiCo included under current assets listed in proper order? Explain.

(c) How are PepsiCo’s assets classified?

(d) What are “cash equivalents” ?

(e) What were PepsiCo’s total current liabilities at December 25, 2010, and December 26, 2009?

Comparative Analysis Problem: PepsiCo, Inc. vs. The Coca-Cola Company