Financial Reporting Problem The Procter & Gamble Company (P&G)

Financial Reporting ProblemThe Procter & Gamble Company (P&G)The financial statements of P&G are presented in Appendix 5B. The company’s complete annual report, including the notes to the financial statements, can be accessed at the book’s companion website, www. wiley.com/college/kieso.InstructionsRefer to P &G’s financial statements and the accompanying notes to answer the following questions.(a)What is the par or stated value of P&G’s preferred stock?(b) What is the par or stated value of P&G’s common stock?(c) What percentage of P&G’s authorized common stock was issued at June 30, 2011?(d) How many shares of common stock were outstanding at June 30, 2011, and June 30, 2010?(e) What was the dollar amount effect of the cash dividends on P&G’s stockholders’ equity?(f) What is P&G’s return on common stock equity for 2011 and 2010?(g) What is P&G’s payout ratio for 2011 and 2010?(h) What was the market price range (high/low) of P&G’s common stock during the quarter ended June 30, 2011?Comparative Analysis Case The Coca-Cola Company and PepsiCo, Inc.InstructionsGo to the book’s companion website and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc.(a)What is the par or stated value of Coca-Cola’s and PepsiCo’s common or capital stock?(b)What percentage of authorized shares was issued by Coca-Cola at December 31, 2011, and by PepsiCo at December 31, 2011?(c)How many shares are held as treasury stock by Coca-Cola at December 31, 2011, and by PepsiCo at December 31, 2011?(d) How many Coca-Cola common shares are outstanding at December 31, 2011? How many PepsiCoshares of capital stock are outstanding at December 31, 2011?(e)What amounts of cash dividends per share were declared by Coca-Cola and PepsiCo in 2011? What were the dollar amount effects of the cash dividends on each company’s stockholders’ equity?(f)What are Coca-Cola’s and PepsiCo’s return on common/capital stock equity for 2011 and 2010? Which company gets the higher return on the equity of its shareholders?(g) What are Coca-Cola’s and PepsiCo’s payout ratios for 2011?(h) What was the market price range (high/low) for Coca-Cola’s common stock and PepsiCo’s capital stock during the fourth quarter of 2011? Which company’s (Coca-Cola’s or PepsiCo’s) stock price increased more (%) during 2011

 

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