ACTIVITY 3 Purpose: . BALANCE SHEET Understand the information provided by the balance sheet Identify asset, liability, and stockholders' equity accounts reported on the balance sheet. Understand the accounting equation. . . PEPSICO (PEP) 12/25/2010 BALANCE SHEET ($ in millions) LIABILITIES ASSETS 3,865 Cash and cash equivalents Short-term investments Accounts receivable, net Inventories Other current assets Property, plant, and equipment, 5,943 Accounts payable 426 Short-term debt 6,323 Other current liabilities 3,372 Long-term debt 1,505 Other noncurrent liabilities 4,898 7,129 19,999 11,098 net 19,058 Goodwill Other intangible assets Long-term investments 4,449 14,661 STOCKHOLDERS' EQUITY 13,808 Contributed capital 1,368 Retained earnings Treasury stock and other 1,689 equity 37,090 Other noncurrent assets (20,375) $68,15 Total Assets $68,153 Total L & SE 3 The balance sheet reports assets and the amount of financing from liabilities and stockholders' equity as of a certain date. This relationship is summarized by the accounting equation, which is: Student Name: Week 1 BM310 Assignment What types of asset costs are included in this account? c. How much does this company currently owe suppliers? million d. Since the company started business, what is the total amount shareholders have paid for their shares of stock? million Since the company started business, how much net income was earned and not yet distributed as dividends? million Q6 Use Pepsico's balance sheet on the previous page to answer the following questions: a. What amount of cash does this company expect to receive from customers within the next few months? million b. The largest asset account is reporting million 2