а. Consider the income statement given below and perform Percentage Change Analysis for the entire Income Statement. b. Comment on what changes PepsiCo has observed as they move from the year 2009 to the year 2010.

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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a.
Consider the income statement given below and perform Percentage Change Analysis for the entire Income
Statement.
b. Comment on what changes PepsiCo has observed as they move from the year 2009 to the year 2010.
PepsiCo, Inc.
Income Statement
Years Ended December 25, 2010 and December 26, 2009
(in millions)
2010
2009
Net sales
$57,838
$43,232
Cost of goods sold
Gross margin
Selling and administrative expenses
Other operating expenses
Operating income
Interest expense
Other income (expense; net)
Income before taxes
26,575
$31,263
20,099
$ 23,133
22,814
117
$ 8,332
15,026
63
$ 8,044
903
397
785
$ 8,214
1,894
$ 6,320
399
$ 8,046
2,100
$ 5,946
Income tax expense
Net income
U marks1
Transcribed Image Text:a. Consider the income statement given below and perform Percentage Change Analysis for the entire Income Statement. b. Comment on what changes PepsiCo has observed as they move from the year 2009 to the year 2010. PepsiCo, Inc. Income Statement Years Ended December 25, 2010 and December 26, 2009 (in millions) 2010 2009 Net sales $57,838 $43,232 Cost of goods sold Gross margin Selling and administrative expenses Other operating expenses Operating income Interest expense Other income (expense; net) Income before taxes 26,575 $31,263 20,099 $ 23,133 22,814 117 $ 8,332 15,026 63 $ 8,044 903 397 785 $ 8,214 1,894 $ 6,320 399 $ 8,046 2,100 $ 5,946 Income tax expense Net income U marks1
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