PepsiCo, Inc., the parent company of Frito-Lay snack foods and Pepsi beverages, had the following current assets

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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:
PepsiCo, Inc., the parent company of Frito-Lay snack foods and

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?

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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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