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Current position analysis PepsiCo, Inc. (PEP), the parent company of Frito-Lay snack foods and Pepsi beverages, had the following current assets and current liabilities at

Current position analysis 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 $23,934 $17,558 Short-term investments, at cost 6,886 3,579 Accounts and notes receivable, net 7,287 8,043 Inventories 2,862 2,855 Prepaid expenses and other current assets 1,529 1,837 Short-term obligations 6,727 4,107 Accounts payable 13,903 13,627 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Determine the (1) current ratio and (2) quick ratio for both years. Round your answers to one decimal place. Current Year Previous Year 1. Current ratio fill in the blank 2 fill in the blank 3 2. Quick ratio fill in the blank 4 fill in the blank 5

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