Current Position Analysis

PepsiCo, Inc., 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:

a$.$ Determine the $(1)$ current ratio and $(2)$ quick ratio for both years. Round to one decimal place.

Quick ratio

b$.$ The liquidity of PepsiCo has

: slightly over this time period. The current ratio has

and the quick ratio has

$.$ PEPSICO appears to have.

: resources to meet its short$-$term obligations, and these resources have

: during this time period.