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

Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
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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
20,099
$ 23,133
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
22,814
15,026
117
$ 8,332
63
$ 8,044
903
397
399
$ 8,046
785
$ 8,214
Income tax expense
1,894
2,100
Net income
$ 6,320
$ 5,946
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 20,099 $ 23,133 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 22,814 15,026 117 $ 8,332 63 $ 8,044 903 397 399 $ 8,046 785 $ 8,214 Income tax expense 1,894 2,100 Net income $ 6,320 $ 5,946
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