Question
Compare the current ratios of Coca-Cola Company and PepsiCo, Inc. based on the following financial data: Item Coca-Cola Company PepsiCo, Inc. Current Assets $25,000,000 $30,000,000
Compare the current ratios of Coca-Cola Company and PepsiCo, Inc. based on the following financial data:
Item | Coca-Cola Company | PepsiCo, Inc. |
Current Assets | $25,000,000 | $30,000,000 |
Current Liabilities | $10,000,000 | $15,000,000 |
Question:
Which company has a higher current ratio? Calculate the current ratio for each company and compare.
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
