The financial statements of PepsiCo, Inc. are presented in Appendix A at the end ofthis textbook.
Answer the questions on the following page using the Consolidated Balance Sheet and the Notes to Consolidated Financial Statements section.
(a) What were PepsiCo’s total current assets at December 27, 2008, and December 29, 2007?
(b) Are assets that PepsiCo included under current assets listed in proper order? Explain.
(c) How are PepsiCo’s assets classified?
(d) What are “cash equivalents”?
(e) What were PepsiCo’s total current liabilities at December 27, 2008, and December 29, 2007?