yo which we verdure o tome Using Your Judgme Using Your Judgment Financial Reporting Problem The Procter & Gamble Company (P&G) The financial statements of P&G are presented in Appendix B. The company's complete annual report, including the notes to the financial statements, is available online. Instructions Refer to P&G's financial statements and the accompanying notes to answer the following questions, a. What descriptions are used by P&G in its balance sheet to classify its property, plant, and equipment? b. What method or methods of depreciation does P&G use to depreciate its property, plant, and equipment? c. Over what estimated useful lives does P&G depreciate its property, plant, and equipment? d. What amounts for depreciation and amortization expense did P&G charge to its income statement in 2017, 2016, and 2015? e. What were the capital expenditures for property, plant, and equipment made by P&G in 2017, 2016, and 2015 Comparative Analysis Case The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in Appendices Cand D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online. Instructions Use the companies' financial information to answer the following questions. a. What is the amount of inventory reported by Coca-Cola at December 31, 2017, and by PepsiCo at December 31, 2017? What percent of total assets is invested in inventory by each company? b. What inventory costing methods are used by Coca-Cola and PepsiCo? How does each company value its inventories? e. In the notes, what classifications (description) are used by Coca-Cola and PepsiCo to categorize their inventories? d. Compute and compare the inventory turnovers and days to sell inventory for Coca-Cola and PepsiCo for 2017. Indicate why there might be a significant difference between the two companies. yo which we verdure o tome Using Your Judgme Using Your Judgment Financial Reporting Problem The Procter & Gamble Company (P&G) The financial statements of P&G are presented in Appendix B. The company's complete annual report, including the notes to the financial statements, is available online. Instructions Refer to P&G's financial statements and the accompanying notes to answer the following questions, a. What descriptions are used by P&G in its balance sheet to classify its property, plant, and equipment? b. What method or methods of depreciation does P&G use to depreciate its property, plant, and equipment? c. Over what estimated useful lives does P&G depreciate its property, plant, and equipment? d. What amounts for depreciation and amortization expense did P&G charge to its income statement in 2017, 2016, and 2015? e. What were the capital expenditures for property, plant, and equipment made by P&G in 2017, 2016, and 2015 Comparative Analysis Case The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in Appendices Cand D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online. Instructions Use the companies' financial information to answer the following questions. a. What is the amount of inventory reported by Coca-Cola at December 31, 2017, and by PepsiCo at December 31, 2017? What percent of total assets is invested in inventory by each company? b. What inventory costing methods are used by Coca-Cola and PepsiCo? How does each company value its inventories? e. In the notes, what classifications (description) are used by Coca-Cola and PepsiCo to categorize their inventories? d. Compute and compare the inventory turnovers and days to sell inventory for Coca-Cola and PepsiCo for 2017. Indicate why there might be a significant difference between the two companies
