Financial Reporting Problem: PepsiCo
The financial statements of PepsiCo are presented in Appendix A at the end of this textbook.
Answer the following questions using the Consolidated Statement of Income:
(a) What was the percentage change in (1) sales and (2) net income from 2004 to 2005 and From 2005 to 2006?
(b)What was the company’s gross profit rate in 2004, 2005, and 2006?
(c) What was the company’s percentage of net income to net sales in 2004, 2005, and 2006? Comment on any trend in this percentage.