PepsiCo, Inc., the parent company of Frito-Lay snack foods and Pepsi beverages, had the following current assets and currentliabilities at the end of two recent years:Current Year Previous Year(in millions)(in millions)Cash and cash equivalents$1,542$1,541Short-term investments, at cost1,0952,861Accounts and notes receivable, net3,4832,934Inventories2,2952,295Prepaid expenses and other current assets765849Short-term obligations3063,249Accounts payable7,3447,231a. Determine the (1) current ratio and (2) quick ratio for both years. Round answers to one decimal place.Current YearPrevious Year1. Current ratio2. Quick ratio

Name: PepsiCo, Inc., the parent company of Frito-Lay snack foods and Pepsi
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Description: PepsiCo, Inc., the parent company of Frito-Lay snack foods and Pepsi beverages, had the following current assets and currentliabilities at the end of two recent years:Current Year Previous Year(in millions)(in millions)Cash and cash equivalents$1,54

Current Ratio and quick ratio are classified as liquidity ratios. It measure the company’s ability…

Answered: a. Determine the (1) current ratio and…

Business

Accounting

a. Determine the (1) current ratio and (2) quick ratio for both years. Round answers to one decimal place. Current Year Previous Year 1. Current ratio 2. Quick ratio

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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