BYP1-1 The actual financial statements of PepsiCo, as presented in the company’s 2005 Annual Report, are contained in Appendix A. Refer to PepsiCo’s financial statements and answer the following questions....

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Financial Reporting Problem : PepsiCo, Inc.
BYP1-1 The actual financial statements of PepsiCo, as presented in the company’s 2005 Annual Report, are contained in Appendix A (at the back of the textbook).

Instructions:
Refer to PepsiCo’s financial statements and answer the following questions.
(a) What were PepsiCo’s total assets at December 31, 2005? At December 25, 2004?
(b) How much cash (and cash equivalents) did PepsiCo have on December 31, 2005?
(c) What amount of accounts payable did PepsiCo report on December 31, 2005? On December
25, 2004?
(d) What were PepsiCo’s net sales in 2003? In 2004? In 2005?
(e) What is the amount of the change in PepsiCo’s net income from 2004 to 2005?