The document contains financial information for Coca-Cola, PepsiCo, and Dr Pepper Snapple for the year ended December 31, 2011. It includes common size income statements and balance sheets for the three companies, showing percentages of revenues, expenses, assets and liabilities. It also includes trend data for PepsiCo from 2010 to 2011. The document analyzes various financial ratios for the companies such as current ratio, gross profit percentage, debt ratios, inventory turnover, accounts receivable turnover, and asset turnover. It concludes with a pie chart showing the results of a poll of soft drink preferences.

1. VS VS

5. Coca-Cola Pepsico Dr. Pepper
Revenues 100% 100% 100%
Cost of goods sold 39.1% 47.5% 42.1%
Gross Profit 60.9% 52.5% 57.9%
Selling general &
Adminitrative expences 39.0% 37.5% 38.4%
Other expences 0% 0.2% 2.1%
Income before tax expence 24.6% 13.3% 15.7%
Income tax expence 6.0% 3.6% 5.4%
Net income 19.9% 9.7% 10.3%
Co k e v s . P e p s i v s . Dr p e p p e r
Co m m o n Siz e In c o m e St a t e m e n t
Ye a r En d e d De c e m b e r 3 1 , 2 0 1 1

6. Cost of
revenues
38%
General selling
and
administrative
expense
37%
other
expences
0%
Income tax
expence
6% Net income
19%

7. Cost of revenue
48%
General selling
and
Administrative
expense
38%
Other
expences
0%
Income tax
expence
4%
Net income
10%

8. Cost of revenue
43%
General Selling
and
Administrative
expense
39%
Other
expences
2%
Income tax
expence
6% Net income
10%

9. Amount % of Total Amount % of Total Amount % of Total
Assets
Current Assets:
Cash and cash equivalents 12,803,000 16.00% 4,607,000 5.60% 701,000 7.60%
Net recievables 4,920,000 6.20% 6,912,000 9.50% 731,000 7.90%
Inventory 3,092,000 3.90% 3,827,000 5.30% 212,000 2.30%
Other Current Assets 4,682,000 5.90% 2,635,000 3.60% 113,000 1.20%
Total Current Assets 25,497,000 31.90% 14,441,000 23.90% 1,757,000 19%
Property plant & equiptment 14,939,000 18.70% 1,477,000 2.00% 1,152,000 12.40%
Goodwill 12,219,000 15.30% 19,689,000 23% 2,980,000 32.10%
Intangible assets 15,450,000 19.30% 16,800,000 22.60% 2,677,000 28.80%
other assets 11,869,000 14.80% 16,445,000 22.60% 717,000 7.70%
total assets 79,974,000 100% 72,882,000 100% 9,283,000 100%
Liabiliteis
Current liabilities:
Accounts payable 9,371,000 11.70% 11,949,000 16.40% 795,000 8.60%
Other current liabilities 14,912,000 18.60% 6,205,000 8.50% 1,120,000 12.10%
Total current Liabilities 24,283,000 30.40% 18,154,000 24.90% 1,915,000 20.70%
Long term liabilities 24,056,000 30% 34,140,000 46.80% 5,105,000 54.90%
Total liabilities 48,339,000 60.40% 52,294,000 71.60% 7,020,000 75.60%
Stockholders equity:
Common Stock 880,000 1.10% 31,000 0.04% 2,000 0.02%
RE and other equity 30,755,000 38.50% 20,673,000 28.30% 2,261,000 24.40%
Total stockholders equity 31,635,000 39.60% 20,704,000 28.40% 2,263,000 24.40%
Total liabilities and equity 79,974,000 100% 72,882,000 100% 9,283,000 100%
Coca-Cola Company Pepsico Dr Pepper Snapple
Coca-cola vs. pepsi vs. Drpepper
Balance Sheet (Adapted)
"December 30, 2011"

10. All numbers in thousands
Period Ending Dec 31, 2011 Dec 25, 2010 Dec 26, 2009
Assets
Current Assets
Cash And Cash Equivalents 4,067,000 5,943,000 3,943,000
Short Term Investments 358,000 426,000 192,000
Net Receivables 6,912,000 6,323,000 4,624,000
Inventory 3,827,000 3,372,000 2,618,000
Other Current Assets 2,277,000 1,505,000 1,194,000
Total Current Assets 17,441,000 17,569,000 12,571,000
Long Term Investments 1,477,000 1,368,000 4,484,000
Property Plant and Equipment 19,698,000 19,058,000 12,671,000
Goodwill 16,800,000 14,661,000 6,534,000
Intangible Assets 16,445,000 13,808,000 2,623,000
Accumulated Amortization - - -
Other Assets 1,021,000 1,689,000 965,000
Deferred Long Term Asset Charges - - -
Total Assets 72,882,000 68,153,000 39,848,000
Liabilities
Current Liabilities
Accounts Payable 11,949,000 10,994,000 8,292,000
Short/Current Long Term Debt 6,205,000 4,898,000 464,000
Other Current Liabilities - - -
Total Current Liabilities 18,154,000 15,892,000 8,756,000
Long Term Debt 20,568,000 19,999,000 7,400,000
Other Liabilities 8,266,000 6,729,000 5,591,000
Deferred Long Term Liability Charges 4,995,000 4,057,000 659,000
Minority Interest 311,000 312,000 638,000
Negative Goodwill - - -
Total Liabilities 52,294,000 46,989,000 23,044,000
Stockholders' Equity
Misc Stocks Options Warrants (116,000) (109,000) (104,000)
Redeemable Preferred Stock - - -
Preferred Stock - - -
Common Stock 31,000 31,000 30,000
Retained Earnings 40,316,000 37,090,000 33,805,000
Treasury Stock (17,875,000) (16,745,000) (13,383,000)
“Our fiscal year ends on the last
Saturday of each December, resulting
in an additional week of results every
five or six years.”

12. Current Assets
Current Liabilities
Current Ratio measures the ability to pay
liabilities with current assets
Coke

13. Cost of Goods Sold
Average Inventory
Indicates salability of inventory-
the number of times a company
sells its average level of inventory
during a year
Dr Pepper Snapple

14. Measures the average number of
days inventory is held by the
company
365 Days
Inventory turnover ratio
Dr Pepper Snapple

15. Measures the profitability
of each sales dollar above
cost of goods sold
Gross Profit
Net sales
Coke

16. Measures the ability
to collect cash from
customers
Net Credit Sales
Average net accounts
receivable
Pepsi Co

17. Shows how many
days’ sales remain in
accounts receivable
__________365___________
Accounts Receivable
Turnover Ratio
Pepsi Co

18. Indicates the
percentage of assets
financed with debt
__Total Liabilities____
Total Assets
Coke

19. Indicates ratio of debt
financing relative to
equity financing
Total Liabilities
Total Equity
Coke

20. Shows the
percentage of each
net sales dollar
earned as net income
Net income
Net sales
Coke

21. Measures how
profitably a company
uses its assets
Net Income + Interest Expence
AverageTotal Assets
Coke

22. Measures the amount of
net sales generated for
each average dollar of
total assets invested
_____Net Sales_____
Average total Assets
Pepsi

23. Coca- Cola
• Current Ratio
• Gross Profit Percentage
• Debt Ratio
• Debit to Equity Ratio
• Rate of Return on Net sales
• Rate of Return on total assets
Dr Pepper Snapple Group
• InventoryTurnover
• Days in Inventory
Pepsi Company
• Accounts Receivable turnover
• Days in Sales Receivables
• AssetTurnover Ratio

24. 0
5
10
15
20
25
30
35
Percentage
Soft drinks
Who Likes What?
1,500 people
responded to poll
Coke- 30%
Pepsi- 20%
Dr Pepper- 12%
Mountain Dew- 6%
Root Beer- 5%
Other- 27%
Others included: Sprite,Ginger ale,
7up,Mr.Pibb,Sunkist, Fresca, Sierra
Mist and Grape soda.