Citigroup
Friday July 15, 2012
Four Hours
Name___________________________________
Financial Statement Analysis
Barry M Frohlinger
INSTRUCTIONS:
1. This quiz consists of two parts
 Twelve questions totaling 100 points [the first 10 questions are worth 40% of the exam]
 Set of financial statements for Pepsi
2. Place all answers in spaces following questions.
3. Always identify specific accounts & amounts
 Use the Company's account titles. WRITE LEGIBLY AND NEATLY. Do not write on
the backs of any pages nor attach any pages.
4. If you can't determine an amount, show $X and explain in words.
5. Clearly label each figure (if "plug", say so).
6. Round all dollar amounts and show calculations.
7. Support your conclusions.
8. Time: You will have four hours to answer the questions.
Allocate your time wisely.
Do not devote an inordinate time to any question.
Copyright Barry M Frohlinger, Inc 1981 – 2012 PEPSI Quiz
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PEPSI QUESTIONS
See the set of financial statements for Pepsi. REQUIRED: SHOW CALCULATION & STATE ASSUMPTIONS
1.
Pepsi has $72,882 of assets at yearend 2011. Show how these assets have been financed using the following
groupings:
by delayed payments for operating payables & accruals
by cash borrowing from lenders
by Pepsi common shareholders
by others [please label]
By others [please label]
Total
72,882
2.
Pepsi reports the market value per share (end of the 4th qtr 2011) as $ 66.23. Calculate the book value per
share and comment [at year end 2011].
3.
See Footnote #3. In 2011, Pepsi incurred restructuring charges in conjunction with the multi-year Productivity Plan.
Write the journal entry recorded by the firm.
Copyright Barry M Frohlinger, Inc 1981 – 2012 PEPSI Quiz
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4.
See Note 15. On February 3, 2011, Pepsi acquired the ordinary shares, including shares underlying ADSs and Global
Depositary Shares (GDS), of WBD, a company incorporated in the Russian Federation, which represented in the
aggregate approximately 66% of WBD's outstanding ordinary shares, pursuant to the purchase agreement dated
December 1, 2010. Write the journal entry for this transaction, reflecting the journal entry to the consolidated balance
sheet.
5.
Complete the Goodwill account for fiscal 2011.
Goodwill
6.
Complete the total debt account for fiscal 2011.
Total Debt
end of quiz questions
Copyright Barry M Frohlinger, Inc 1981 – 2012 PEPSI Quiz
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