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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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Select data from the financial statements of Coke and Pepsi are presented below. ($ Millions) Coke Total liabilities, 2020 Total current liabilities, 2020 Total liabilities, 2019 Total current liabilities, 2019 Total assets, 2020 Total current assets, 2020 Total assets, 2019 Total current assets, 2019 Revenue, 2020 $ Net income, 2020 $ Requirements (show your formulas and calculations): $ $ $ $ $ $ $ $ 66,012 $ 14,601 $ 65,283 $ 26,973 $ 87,296 $ 19,240 $ 86,381 $ 20,411 $ 33,014 $ 7,747 $ Pepsi 79,366 23,372 63,679 20,461 92,918 23,001 78,547 17,645 70,372 7,120 d.) For each company, calculate working capital and current ratio for 2020 and 2019. How did they change from 2019 to 2020 (improve or worsen)? What may have caused those changes - provide detailed explanation?
Transcribed Image Text:Select data from the financial statements of Coke and Pepsi are presented below. ($ Millions) Coke Total liabilities, 2020 Total current liabilities, 2020 Total liabilities, 2019 Total current liabilities, 2019 Total assets, 2020 Total current assets, 2020 Total assets, 2019 Total current assets, 2019 Revenue, 2020 $ Net income, 2020 $ Requirements (show your formulas and calculations): $ $ $ $ $ $ $ $ 66,012 $ 14,601 $ 65,283 $ 26,973 $ 87,296 $ 19,240 $ 86,381 $ 20,411 $ 33,014 $ 7,747 $ Pepsi 79,366 23,372 63,679 20,461 92,918 23,001 78,547 17,645 70,372 7,120 d.) For each company, calculate working capital and current ratio for 2020 and 2019. How did they change from 2019 to 2020 (improve or worsen)? What may have caused those changes - provide detailed explanation?
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