The financial statements of PepsiCo, Inc., are presented in Appendix A at the end of this textbook.

Question:

The financial statements of PepsiCo, Inc., are presented in Appendix A at the end of this textbook. Answer the following questions using the Consolidated Balance Sheet and the Notes to Consolidated Financial Statements section.

(a) What were PepsiCo’s total current assets at December 30, 2006, and December 31, 2005?

(b) Are assets that PepsiCo included under current assets listed in proper order? Explain.

(d) What are “cash equivalents”?

(e) What were PepsiCo’s total current liabilities at December 30, 2006, and December 31, 2005?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...