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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
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:
Current Year (in millions) | Previous Year (in millions) | |||
Cash and cash equivalents | $2,396 | $2,539 | ||
Short-term investments, at cost | 1,702 | 4,715 | ||
Accounts and notes receivable, net | 5,408 | 4,836 | ||
Inventories | 2,037 | 1,358 | ||
Prepaid expenses and other current assets | 679 | 502 | ||
Short-term obligations | 272 | 2,883 | ||
Accounts payable | 6,518 | 6,417 |
a. Determine the (1) current ratio and (2) quick ratio for both years. Round answers to one decimal place.
Current Year | Previous Year | |
1. Current ratio | fill in the blank 1 | fill in the blank 2 |
2. Quick ratio | fill in the blank 3 | fill in the blank 4 |
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