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Answer this fully please, type your answer, someone already answered it here but it was wrong, only answer (((Quick ratio: ))))))and its not 1.2, 1.2
Answer this fully please, type your answer, someone already answered it here but it was wrong, only answer (((Quick ratio: ))))))and its not 1.2, 1.2 if you get any of these numbers dont reply to my question please
PepsiCo, Inc. (PEP), 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:
Current Year (in millions) | Previous Year (in millions) | |||
Cash and cash equivalents | $9,158 | $9,096 | ||
Short-term investments, at cost | 6,967 | 2,913 | ||
Accounts and notes receivable, net | 6,694 | 6,437 | ||
Inventories | 2,723 | 2,720 | ||
Prepaid expenses and other current assets | 1,547 | 1,865 | ||
Short-term obligations | 6,892 | 4,071 | ||
Accounts payable | 14,243 | 13,507 |
a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place.
Current Year | Previous Year | |
1. Current ratio | ||
2. Quick ratio |
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