Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need help finding the current raio and quick for current and previous year.. pls make sure its correct. Current position analysis PepsiCo, Inc. (PEP),
I need help finding the current raio and quick for current and previous year.. pls make sure its correct.
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 $11,144 $6,958 Short-term investments, at cost 8,189 4,225 Accounts and notes receivable, net 8,548 8,907 Inventories 3,685 3,677 1,555 1,834 Prepaid expenses and other current assets Short-term obligations 6,667 3,927 Accounts payable 13,778 13,027 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. IHATAN Open spreadsheet a. Determine the (1) current ratio and (2) quick ratio for both years. Round your answers to one decimal place. Current Year Previous Year Current Year Previous Year (in millions) (in millions) Cash and cash equivalents $11,144 $6,958 Short-term investments, at cost 8,189 4,225 Accounts and notes receivable, net 8,548 8,907 Inventories 3,685 3,677 Prepaid expenses and other current assets 1,555 1,834 Short-term obligations 6,667 3,927 Accounts payable 13,778 13,027 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the qu Open spreadsheet a. Determine the (1) current ratio and (2) quick ratio for both years. Round your answers to one decimal place. Current Year Previous Year Help 1. Current ratio 2. Quick ratio Th. licui dit, of nanirahan nood this time in the contratis han innsend nadhariale tinha accedStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started