>> Accounting Basics
1. A high percentage of Americans own stock in corporations. As a shareholder in a corporation, you will receive an annual report. One of the goals of this course is for you to learn how to navigate your way around an annual report.
Use the annual report provided in Appendix A to answer the following questions.
(a) What CPA firm performed the audit of PepsiCo's financial statements?
(b) What was the amount of PepsiCo's earnings per share in 2007?
(c) What was net revenue in 2007?
(d) How many shares of treasury stock did the company have at the end of 2007?
(e) How much cash did PepsiCo spend on capital expenditures in 2007?
(f) Over what life does the company depreciate its buildings?
(g) What was the total amount of dividends paid in 2007?