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PepsiCo, Inc. is a world leader in convenient snacks, foods, and beverages. The following are PepsiCos financial statements as presented in its 2013 annual report.

PepsiCo, Inc. is a world leader in convenient snacks, foods, and beverages. The following are PepsiCos financial statements as presented in its 2013 annual report. To access PepsiCos complete annual report, including notes to the financial statements, follow these steps: 1. Go to http://www.pepsico.com. 2. Select Annual Reports and Proxy Information under the Investors tab. 3. Select the 2013 Annual Report. 4. The Notes to Consolidated Financial Statements begin on page 73. The Coca-Cola Company is a global leader in the beverage industry. It offers hundreds of brands, including soft drinks, fruit juices, sports drinks and other beverages in more than 200 countries. The following are Coca-Colas financial statements as presented in its 2013 annual report. To access Coca-Colas complete annual report, including notes to the financial statements, follow these steps: 1. Go to http://www.coca-colacompany.com. 2. Select the Investors link near the bottom of the page, and then select Financial Reports & Information. 3. Select the 2013 Annual Report on Form 10-K. 4. The Notes to Consolidated Financial Statements begin on page 79. Based on the information contained in these financial statements, determine each of the following for each company. The basic earnings per share and price-earnings ratio for 2013. (For both PepsiCo and Coca-Cola, use the basic earnings per share.) Coca-Cola's common stock had a market price of $41.31 at the end of fiscal-year 2013, and PepsiCos common stock had a market price of $82.71.

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