Refer to P&G's financial statements and the related information in the annual report to answer...
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Refer to P&G's financial statements and the related information in the annual report to answer the following questions. http://www.pg.com/annualreport2011/_files/pdf/PG_2011_AnnualReport.pdf
a) Examining each item in P&G's balance sheet, identify those items that require present value, discounting, or interest computation in establishing the amount reported.
b) (1) What interest rates are disclosed by P&G as being used to compute interest and present values?
(2) Why are there so many different interest rates applied to P&G's financial statement elements (assets, liabilities, revenues, and expenses)?
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