PepsiCo, Inc. (PEP), the parent company of Frito-Lay¢ snack foods and Pepsi beverages, had the following current
Question:
a. Determine the
(1) Current ratio and
(2) Quick ratio for both years. Round to one decimal place.
b. What conclusions can you draw from these data?
Transcribed Image Text:
Year 2 (in millions) Year 1 (in millions) Cash and cash equivalents Short-term investments, at cost Accounts and notes receivable, net $9,096 2,913 6,437 5 6,134 2,592 6,651 3,143 2,143 5,076 13,016 1 Prepaid expenses and other current assets Short-term obligations (liabilities) Accounts pay 1,865 4,071 13,507 able and other current liabilities
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a 1 Current Ratio Current Assets Current Liabilities Year 2 23031 17578 13 Year 1 20663 18092 11 2 ...View the full answer
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