Assume that a friend of yours operates a family-owned, Accounting Basics

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Assume that a friend of yours operates a family-owned

Question: 1. Assume that a friend of yours operates a family-owned pharmacy. A Super Wal-Mart is scheduled to open in the next several months that will also offer pharmacy services. What business emphasis would your friend use to compete with the Super Wal-Mart pharmacy?

2. The total assets and total liabilities of Coca-Cola and PepsiCo are shown below.

Coca-Cola PepsiCo

(in millions) (in millions)

Assets $31,327 $27,987

Liabilities 15,392 14,464

Determine the stockholders' equity of each company.

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Accounting Basics: Assume that a friend of yours operates a family-owned

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Accounting Basics: Assume that a friend of yours operates a family-owned

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