Consider the income statement given below and perform Percentage Change Analysis for the entire Income Statement. Comment on what changes PepsiCo has observed as they move from the year 2009 to the year 2010.
Consider the income statement given below and perform Percentage Change Analysis for the entire Income Statement. Comment on what changes PepsiCo has observed as they move from the year 2009 to the year 2010.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Consider the income statement given below and perform Percentage Change Analysis for the entire Income Statement.
Comment on what changes PepsiCo has observed as they move from the year 2009 to the year 2010.
Transcribed Image Text: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
26,575
$31,263
20,099
$23,133
15,026
63
$ 8,044
22,814
117
$ 8,332
903
397
Other income (expense; net)
785
399
$ 8,046
2,100
$ 5,946
Income before taxes
$ 8,214
Income tax expense
1,894
Net income
$ 6,320
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