Compute annual percentage change between the three years for the following: a. t
ID: 2671505 • Letter: C
Question
Compute annual percentage change between the three years for the following:
a. total revenue
b. Net income applicable to Common Shares
Income statement: For Pepsi company (All numbers in thousands)
Period Ending Dec 25, 2010 Dec 26, 2009 Dec 27, 2008
Total Revenue 57,838,000 43,232,000 43,251,000
Cost of Revenue 26,575,000 20,099,000 20,351,000
Gross Profit 31,263,000 23,133,000 22,900,000
Operating Expenses
Research Development - - -
Selling General and Administrative 22,814,000 15,026,000 15,901,000
Non Recurring - - -
Others 117,000 63,000 64,000
Total Operating Expenses - - -
Operating Income or Loss 8,332,000 8,044,000 6,935,000
Income from Continuing Operations
Total Other Income/Expenses Net 68,000 67,000 41,000
Earnings Before Interest And Taxes 9,135,000 8,476,000 7,350,000
Interest Expense 903,000 397,000 329,000
Income Before Tax 8,232,000 8,079,000 7,021,000
Income Tax Expense 1,894,000 2,100,000 1,879,000
Minority Interest (18,000) (33,000) -
Net Income From Continuing Ops 7,055,000 6,311,000 5,142,000
Non-recurring Events
Discontinued Operations - - -
Extraordinary Items - - -
Effect Of Accounting Changes - - -
Other Items - - -
Net Income 6,320,000 5,946,000 5,142,000
Preferred Stock And Other Adjustments - - -
Net Income Applicable To Common Shares 6,320,000 5,946,000 5,142,000
Currency in USD.
Explanation / Answer
First lets calculate for year 2008 - 2009 a)Total Revenue - (43, 232,000 - 43,251,000) / 43,251, 000 *100 = (0.043 %) Negative value b)Net income applicable to Common Shares = (5,946,000 - 5,142,000)/5,142,000 *100 = 15.635 % Now for 2009 - 2010 a) Total Revenue (57,838,000 - 43,232, 000 )/ 43,232,000 * 100 = 33.78 % b) Net income applicable to Common Shares (6,320,000 - 5,946,000) /5,946,000 *100 = 6.28 %
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