Pepsico, Inc., 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: Current Year Previous Year (in millions) (in millions) Cash and cash equivalents $7,706 $5,462 Short-term investments, at cost 320 364 Accounts and notes receivable, net 6,785 6,655 Inventories 3,749 4,007 Prepaid expenses and other current assets 1,563 2,233 Short-term obligations 4,823 6,269 Accounts payable 12,296 12,071 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet A. Determine the (1) current ratio and (2) quick ratio for both years. Round your answers to one decimal place. Current Year Previous Year 1. Current ratio 2. Quick ratio B. The liquidity of PepsiCo has * some over this time period. The current ratio has - resources for meeting short-term obligations. Its liquidity as measured by the current and quick ratios has * and the quick ratio has . Pepsico is a company with * during this period.

Pepsico, Inc., 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: Current Year Previous Year (in millions) (in millions) Cash and cash equivalents $7,706 $5,462 Short-term investments, at cost 320 364 Accounts and notes receivable, net 6,785 6,655 Inventories 3,749 4,007 Prepaid expenses and other current assets 1,563 2,233 Short-term obligations 4,823 6,269 Accounts payable 12,296 12,071 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet A. Determine the (1) current ratio and (2) quick ratio for both years. Round your answers to one decimal place. Current Year Previous Year 1. Current ratio 2. Quick ratio B. The liquidity of PepsiCo has * some over this time period. The current ratio has - resources for meeting short-term obligations. Its liquidity as measured by the current and quick ratios has * and the quick ratio has . Pepsico is a company with * during this period.

Name: Pepsico, Inc., the parent company of Frito-Lay snack foods and Pepsi
Uploaded: 2022-11-18T00:26:54.000Z
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Description: Pepsico, Inc., 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:Current Year Previous Year(in millions)(in millions)Cash and cash equivalents$7,7

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The following financial information is for Cullumber Company. CULLUMBER COMPANYBalance SheetsDecember 31 Assets 2022 2021 Cash $ 69,000 $ 69,000 Debt investments (short-term) 53,000 41,000 Accounts receivable (net) 103,000 92,000 Inventory 239,000 164,000 Prepaid expenses 25,000 29,000 Land 132,000 132,000 Building and equipment (net) 263,000 188,000 Total assets $884,000 $715,000 Liabilities and Stockholders’ Equity Notes payable (current) $170,000 $101,000 Accounts payable 66,000 54,000 Accrued liabilities 42,000 42,000 Bonds payable, due 2025 251,000 170,000 Common stock, $10 par 205,000 205,000 Retained earnings 150,000 143,000 Total liabilities and stockholders’ equity $884,000 $715,000 CULLUMBER COMPANYIncome StatementsFor the Years Ended December 31 2022…
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