This weeks Discussion topic comes from BYP11-2 in your textbook. PepsiCo, Inc. financial statements are in Appendix B and Coca-Cola Company financial statements are in Appendix C. Use their financials to answer the following questions:

(a) At December 28, 2013, what was PepsiCos largest current liability account? What were its total current liabilities? At December 31, 2013, what was Coca Colas largest current liability account? What were its total current liabilities?

(b) Based on information contained in those financial statements, compute the following 2013 values for each company:

(1) Working Capital

(2) Current Ratio

(c) What conclusions concerning the relative liquidity of these companies can be drawn from these data?

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 state- ments, follow these steps: 1. Go to www.pepsico.com. 2. Select Annual Reports and Proxy Information under the Investors t