Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

this first photo is the question and the rest are the financial statements starting with coca cola then pepsi in correct descending order Compute the

this first photo is the question and the rest are the financial statements starting with coca cola then pepsi in correct descending order image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Compute the following ratios for Coca-Cola and PepsiCo for 2017. (Round answers to 2 decimal places, e.8. 0.52 or 52.45% ) Appendix C Specimen Financial Statements: The Coca-Cola Company tradezarks, sold in the Ureited States since 1886 , are now available in mare thats a00 countries. NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY Bhacic net incoime pri share from continaing operations! Basie net incomse per share from dascontinued operations? BASIC NET INCOME PER SHARE Diluted set incoene per share from continuing operationst Diluted net income per share from discontisued operations 2 DILUTED NET INCOME PER SHARE AVFRAGE SHARES OUTSTANDING - BASIC Fiffect of dilutive securities AVIRAGE SHARES OUISTANDING - DILUTED Mer shars anounts to she add the til ruonditg. Refer to Notes to Consolidatrd Financial Statements. THE COCA-COLA COMIRAYY AND SUBSIDIARIRS CONSOHIDATED STATEMINTS OF COMPREHINSIVE INCOME Year Ended December 3I, (th millions) CONSOLIDATZD NET INCOME Other comprehensive incoene: Net forcign corrency translation adjastmeot Net gain (loas) on derivatives Net unrealised gain (losis) on available-for-sale socuntios Net change in pension and ofber berefit liabilities TOTAL. COMPREAIENSIVE INCOME (LOSS) TOTML COMPRFHENSIVE INCOME (LOSS) Less: Comprearnsive income (loss) attributable to noncontrolliog interests TOTAL. COMPREHEASTVE INCOME (LOSS) ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY THE COCA-COLA COMPANY AND SUBSIDLARIES CONSOIIDATED BALANCE SHEETS December 31. (to milliona except par value) ASSETS CURRENT ASSKTS Canh and cach equivalents Short-term invetivents TOTAI CASH, CASH PQUTVALENTS AND SHORT-TERM INVESTMENTS Marketable serurities Trade accosants receivable, less allowances of $477 and $466, respectively fnventories: Prepaid eqpenses and other assets Assets beld for sale Assets beld for sale - discobtinued operations TOTAL CURRENT ASSETS BQUTY METHOD INVESTMENIS OTHRR INVESTMHNTS OTHER ASSETS PROPERTY, PLANT AND EQUIPMENT - net TrADEMEARKS WITH INDEFINIT LIVES \#OTTIERS FRANCHISERIGIIS WITH INDUPINITK LIVES coODWIL. OTHER DNTANGTBLKASSETS OTHER DNTANGHIU ASSEIS TOTAL.ASSETS IIABIIITIBS AND EQUTTY CURRENT L.ABILITIES Acoonts payable and acerued expenses Loans and notes payable Current maturities of long-term debe Acorved income taves Iiabilities beld for sale: Libilities held for sale - discontinued openations TOTAL CURRANT LABILITES LONCFTFRM DEET OTHER LABILITIES DHFERERD INCOMETAXES THE COCA-COLA COMPANY SHARBOWNERS' EQUTTY Common stock, 50.25 par value, Authorined - 11,200 shares; Isued 7,040 and 7,040 shares, respectively Capital aurplus Reinvested earningi Acrumalated other conprebensive incoce (loss) Treasury stock, at cost 2,78t and 2.752 shares, respectively EQUIY ATTEHHUTABL. TO SHAREOWNERS OF THE COCA-COLA COMPANY EQUTYY ATTRIHUTABLE TO NONCONTHOLIRNG INTERESTS TOTAL.RQUTY TOTAL UA IILTIES AND BQUTTY Refer to Notes to Coesolidated Financial Statenente. THE COCA-COLA COMPANY AND SUBSIDLARIFS CONSOLIDATED STATEMENTS OF CASH FLOWS Year Ended Decemluer 34. (in milions) OPERATING ACTIVITIFS Consolidned net income (Income) loss from discontinued operations Net income from continuing operations Deprociation and amortization Stock-based compensation expense Deferred income taxen Equity (income) loss - net of dividends Foreign currency adyustments Significant (gains) losses on sales of asstes - bet Other operating charges Other items Net change in operating aseets and liabllities Net cash provided by operating activities INVESTING ACTIVTTTES: Rurchases of imesiments Procerds from disposale of investibents Acquisitions of businesses, equity method investments and nonmarketable serurities Procerdi from disposals of businesses, equity method investments and nonmarketable securities Turchases of property, plant and equipment Procredi from dieposals of property, plant and equipment Other inveting activities Net cash provided by (ased in) inveating activities FINANCING ACTIVITIES Issuancos of debt P rrmants of debt Lssuances of stock. Purchases of stock for trasury: Dividends Other financing activities Net cash pronided by (ased in) financing activities CASH FLOWS FROM DISCONTINUED OPERATIONS Net cash provided by (used in) operating activities from discontinaed operations Net caah provided by (used in) investing activities from discontinued operations Net raah provided ty (used in) nancing activities from discontinaed operations Net cash provided by (used in) discontinued operations EFHBCT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUTVALENTS CASH AND CASH EQUTVALENTS Net incrrase (decrease) during the year. Balance at becinning of year Balabce at end of yar Refer to Notes to Consolidated Financial Statements. THE COCA-COLA COMPANY AND SUBSIDLARIES CONSOLIDATED STATEMENTS OF SHAREOWNERS' EQUTTY Year Ended December 3 , (fin millioas except per alare data) \begin{tabular}{rrr} 29,857 & 27,281 & 40,434 \\ (28,768) & (25,615) & (37,738) \\ 1,595 & 1,434 & 1,245 \\ (3,682) & (3,681) & (3,354) \\ (6,320) & (6,043) & (5,741) \\ (91) & 39 & 251 \\ \hline(7,409) & (6,545) & (5,113) \\ \hline \end{tabular} EQUTTY ATTRIBUTAHI.E TO SHAREOWNHRS OF THE COCA.COIA COMPANY NUMBER OF COMIMON SHARES OUTSTANDING Balance at beginning of yoar Treasrry stock issued to emplojoes related to stock compensation plans Purchaves of stock for treasury Halance at end of year COMMON STOCK CAPTTAL SURPLUS Balance at beginning of yrar Stock issued to employees reluted to sock conspensation plans Tax benefit (charge) from stock comprnsation plans: Stock-based compensation expense Ohber attivities Balanceat end of yeat RANVESTED FARNINGS Belance at beginaing of year ACCUMULATED OTHER COMPRFHENSIVE INCOME (LOSS) Halance at beginaing of year TREASURY STOCK Balance at beginning of yrar Treasury stock inesed to emplipees related to stock compensation plans Thurchases of stock for treasung Balance at end of year TOTAL EQUTTY ATTHIUTAMLE TO SILARIOWNIRS ON THE COCA-COIA COMPANY BOUTTY ATTUBUTAMLITO NONCONTROLIING INTHSESTY REINVESTED EARNINGS Balusce at beginsing of year - Net ineome attratuable to sharronwers of The Coca-Cola Company, Divideods (per share $1.48,51.40 and $1.32 in a017, 2016 and 2015, respectively) Halance at end of year ACCUMULATED OTHEA COMPREHENSIVE INCOME (LOSS) TREASURY STOCK Balance at beginning of year Treasury stock isued to enployes relatrd to stock conpensation plans Purchases of stock for trearury Balance at end of your TOTAL EQUTTY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA.COLA COMPANY EQUTY ATTRIBUTABLE TO NONCONTROLIING INTRRESTY Halasce at beginning of ynar Net iacoene attributable to nobcontrolling intereats Net forvign currency tranalation adjustment Divideeds paid to soncontrollieg interests Contributions by soncontrolling intereats Business coenbinatians Deconsolidation of certain entities Other activition TOTAL EQUTTY ATTRIBUTABLE TO NONCONTROLUING INTURESTS Refer to Notes to Consohidated Finascial Statements. Specimen Financial Statements: PepsiCo, Inc. Pepsico, Inc, is a leading global food and beverage company with a complementary portfolio of eajoyable brands, including Prito-Iay, Gatorade, Pepsi-Cola, Quaker, and Tropicank. Through ita operaticas, authoriusd bottiers, contract manufacturers, and otber third parties, PepsiCo makes, markets, distribates, and sells a wide variety of colvenient and enjoyable beverages, foods, and snxeks, senving customess abd consumens in more than 200 countries and territories. Consolidated Statement of Income PepoiCo, Inc, and Subsidiaries Fiscal years ended December 27, 2017, December 28, 2016 and Decenber 29, 2015 (in millions cocept per share amouats) Consolidated Statement of Comprehensive Income PepsiCo, Inc, and Subsidiaries Fiscal years ended December 30, 2017, December 31, 2016 and December 26, 2015 (in millions) Consolidated Statement of Cash Flows PepsiCo, Inc. and Subsidiaries Fiscal years ended December 30, 2017, December 31, 2016 and December 26, 2015 (in millions) Investing Activites Capital spending Sales of property, plant and equipment Acquisitions and investments in noncontrolled affiliates Reduction of cash due to Venezuela deconsolidation Divestitures Short-term investments, by original maturity: More than three months - purchases More than three months - maturities More than three months - sales Three months or less, net Other investing, net Net Cash Used for Investing Activities Financing Activities Proceeds from issuances of long-term debt Payments of long-term debt Debt redemptions Short-term borrowings, by original maturity: More than three months - proceeds More than three months - payments Three months or less, net Cash dividends paid Share repurchases - common Share repurchases - preferred Proceeds from exercises of stock options Withholding tax payments on RSUs, PSUs and PEPunits converted Other financing Net Cash Used for Financing Activities Consolidated Balance Sheet PepsiCo, Inc. and Subsidiaries December 30, 2017 and December 31, 2016 (in millions except per share amounts) Other Assets Total Assets LIABILITIES AND EQUTTY Current Liabilities Short-term debt obligations Accounts payable and other current liabilities Total Current Liabilities Long-Term Debt Obligations Other Liabilities Deferred Income Taxes Total Liabilities Commitments and contingencies Preferred Stock, no par value Repurchased Preferred Stock PepsiCo Common Shareholders' Equity \begin{tabular}{rr} 913 & 636 \\ \hline 8994 & 73.490 \\ \hline \end{tabular} Common stock, par value 12 se per share (authorized 3,600 shares, issued, net of repurchased common stock at par value: 1,420 and 1,428 shares, respectively) Capital in excess of par value Retained earnings Accumulated other comprehensive loss Repurchased common stock, in excess of par value ( 446 and 438 shares, respectively) Total PepsiCo Common Shareholders' Equity Noncontrolling interests Total Equity Total Liabilities and Equity \begin{tabular}{rrr} $5,485 & $6,892 \\ 15,017 & 14,243 \\ \hline 20,502 & 21,135 \\ 33,796 & 30,053 \\ 11,283 & 6,669 \\ 3,242 & 4,434 \\ \hline 68,823 & 62,291 \end{tabular} PepsiCo, Inc. and Subsidiaries Fiscal years ended December 30, 2017, December 31, 2016 and December 26,2015 (in millions) Balance, beginning of year Net income attributable to PepsiCo Cash dividends declared - common Cash dividends declared - preferred Balance, end of year Accumulated Other Comprehensive Loss Balance, beginning of year Other comprehensive income/(loss) attributable to PepsiCo Balance, end of year Repurchased Common Stock Balance, beginning of year Share repurchases Stock option exercises, RSUs, PSU's and PEPunits converted Other Balance, end of year Total PepsiCo Common Shareholders' Equity Noncontrolling Interests Balance, beginning of year Net income attributable to noncontrolling interests Distributions to noncontrolling interests Currency translation adjustment Other, net Balance, end of year Total Equity (a) Includes total tax benefits of $110 million in 2016 and $107 million in 2015 . See accompanying notes to the consolidated financial statements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: John J. Wild, Ken W. Shaw

2010 Edition

9789813155497, 73379581, 9813155493, 978-0073379586

Students also viewed these Accounting questions