1.

PepsiCo, near the top of Table 2-5 in chapter 2, is a company that provides comprehensive financial statements. Go to finance.yahoo.com. In the box next to Get Quotes, type in its ticker symbol PEP and click.

2.

Scroll all the way down to Financials and click on Income Statement. Compute the annual percentage change between the three years for the following:

a.	Total revenue.
b.	Net income applicable to common shares.

3.

Now click on Balance Sheet and compute the annual percentage change between the three years for the following:

a.	Total assets.
b.	Total liabilities.

4.

Write a one-paragraph summary of how the company is doing.

Table 2-5 Comparison of market value to book value per share in January 2015 Ratio of Market Price to Book Value 16.71 11.95 Market Price per Share 103.42 47.80 153.90 69.84 98.90 112.40 73.48 Corporation UPS* Verizon IBM* Kellogg PepsiCo Apple Adobe Microsoft Oracle Google eBay Southern Co. Kohls Comstock Resources Book Value per Share 6.19 4.00 14.40 9.53 15.44 19.01 13.57 10.92 10.81 145.68 15.95 10.69 7.33 6.41 47.13 44.05 534.39 57.15 52.13 60.19 5.91 5.41 4.32 4.07 3.67 3.58 22.07 28.16 2.36 2.14 0.24 4.66 19.63 *Companies with large stock repurchases over time. Table 2-5 Comparison of market value to book value per share in January 2015 Ratio of Market Price to Book Value 16.71 11.95 Market Price per Share 103.42 47.80 153.90 69.84 98.90 112.40 73.48 Corporation UPS* Verizon IBM* Kellogg PepsiCo Apple Adobe Microsoft Oracle Google eBay Southern Co. Kohls Comstock Resources Book Value per Share 6.19 4.00 14.40 9.53 15.44 19.01 13.57 10.92 10.81 145.68 15.95 10.69 7.33 6.41 47.13 44.05 534.39 57.15 52.13 60.19 5.91 5.41 4.32 4.07 3.67 3.58 22.07 28.16 2.36 2.14 0.24 4.66 19.63 *Companies with large stock repurchases over time