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Accounting assignment PCo
The following info (in u.s millions) is available for Pepsi Co inc for the year ended Dec 31
2004 2003 2002 Cost of goods sold $13,406 $12,379 $11 497 Inventory 1541 1412 1342 Current Assets 8639 6930 6413 Current Liabilities 6752 6415 6052 Pepsi Co discloses the composition of its inventory as follows: 2004 2003 2002 Raw materials $665 $618 $525 Work in process 156 160 214 Finished goods 720 634 603 Instructions: 1. Calculate the inventory turnover,days in inventory and current ratios for 2003 and 2004. Comment on Pepsis liquidality 2. Comment on changes in the composition of pepsis inventories over the last 3 years for the changes give you any insight into pepsis production plans? 3. are the changes that you observed in Question 2 consistent with the trends you observed in the inventoryturnover ratio in question 1? |
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Accounting BL Trial balance
Beaupre ltees adjusted trial balance appears as follows on Dec 31 20XX
Accounts payable $86300 Land $75000 Accounts recievable 49200 Merchandise inventory 40500 Accumilated amoritization- 51800 Mortgage payable 155000 Building Prepaid Insurance 2400 Property tax expense 4800 Accumilated amortization- 42900 property tax payable 4800 Equipment Amortization expense 23400 Purchases 441600 Building 190000 Purchase discounts 22500 Cash 23000 purchase returns and allowences 6400 Common shares 95000 retained earnings 68600 Dividends 8000 salaries expense 122500 Equipment 110000 salaries payable 3500 Freight in 5600 sales 623000 Freight out 7500 sales discounts 15000 Income tax expense 5000 sales returns and allowences 8000 Insurance 7200 Unearned sales revenue 2300 Interest expense 5400 utilities expense 18000 Additional info Beaupre uses a perodic inventory system A physical inventory count determinedthat merchandise inventoryon Dec 31 20XX was $72600 Instructions Prepare a statement of earnings, statement of retained earning and a balance sheet for the year. |
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