Answer this fully please PepsiCo, Inc. (PEP), the parent company of Frito-Lay snack foods and Pepsi beverages, had the following current asset and current liabilities at the end of two recent years: Cash and cash equivalents Short-term investments, at cost Accounts and notes receivable, net Inventories Prepaid expenses and other current assets 1. Current ratio Current Year (in millions) $9,158 2. Quick ratio 6,967 6,694 2,723 1,547 6,892 Previous Year (in millions) 14,243 $9,096 2,913 Short-term obligations 4,071 Accounts payable 13,507 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. Current Year Previous Year 6,437 2,720 1,865
Answer this fully please PepsiCo, Inc. (PEP), the parent company of Frito-Lay snack foods and Pepsi beverages, had the following current asset and current liabilities at the end of two recent years: Cash and cash equivalents Short-term investments, at cost Accounts and notes receivable, net Inventories Prepaid expenses and other current assets 1. Current ratio Current Year (in millions) $9,158 2. Quick ratio 6,967 6,694 2,723 1,547 6,892 Previous Year (in millions) 14,243 $9,096 2,913 Short-term obligations 4,071 Accounts payable 13,507 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. Current Year Previous Year 6,437 2,720 1,865
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Answer this fully please
PepsiCo, Inc. (PEP), the parent company of Frito-Lay snack foods and Pepsi beverages, had the following current assets
and current liabilities at the end of two recent years:
Cash and cash equivalents
Short-term investments, at
cost
Accounts and notes
receivable, net
Inventories.
Prepaid expenses and other
current assets
1. Current ratio
Current
Year
(in
millions)
$9,158
2. Quick ratio
6,967
6,694
2,723
1,547
Previous
Year
(in
millions)
$9,096
2,913
6,437
2,720
Short-term obligations
6,892
4,071
Accounts payable
14,243
13,507
a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place.
Current Year
Previous Year
1,865
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