The following data are from the 2010 annual report of The Procter & Gamble Company and its

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The following data are from the 2010 annual report of The Procter & Gamble Company and its subsidiaries. This company markets a broad range of laundry, cleaning, paper, beauty care, and health care products in roughly 180 countries around the world. Leading brands include Tide, Crest, Pampers, Pantene, Gillette, Vicks, and Bounty. The dollar amounts are in millions.

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Calculate the current ratios for the two years. Comment on whether the trend is favorable or unfavorable.

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Financial Accounting A Business Perspective

ISBN: 9781930789791

10th Edition

Authors: Jefferson Williams, Roger Hermanson, James Don Edwards

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