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An annual report for PepsiCo contained the following information (in millions of U.S. dollars): Net earnings Depreciation and amortization Increase in accounts and notes receivable

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An annual report for PepsiCo contained the following information (in millions of U.S. dollars): Net earnings Depreciation and amortization Increase in accounts and notes receivable Increase in inventories Decrease in prepaid expenses Increase in accounts payables Increase in income taxes payable Cash dividends paid Repurchase of shares $5,462 1,863 709 505 148 878 164 2,557 4,742 Required: 1. Compute the cash flows from operating activities for PepsiCo by using the indirect method. (Enter your answer in millions.) Cash flows from operating activities 2. Compute the quality of earnings ratio. (Enter your answer in numbers and not in percentages. Round the final answer to 2 decimal places.) Quality of earnings ratio

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