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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

FINANCIAL ACCOUNTING
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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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
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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