Answered step by step
Verified Expert Solution
Link Copied!

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),

image text in transcribedimage text in transcribedI 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 acced

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting The Impact On Decision Makers An Alternative To Debits And Credits

Authors: Gary A. Porter, Curtis L. Norton

4th Edition

0324272669, 978-0324272666

More Books

Students also viewed these Accounting questions