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PepsiCo, Inc. ( PEP ) , the parent company of Frito - Lay snack foods and Pepsi beverages, had the following current assets and current
PepsiCo, Inc. PEP the parent company of FritoLay snack foods and Pepsi beverages, had the following current assets and current liabilities at the end of two recent years:
Line Item Description Current Year
in millions Previous Year
in millions
Cash and cash equivalents $ $
Shortterm investments, at cost
Accounts and notes receivable, net
Inventories
Prepaid expenses and other current assets
Shortterm obligations and other liabilities
Accounts payable
a Determine the current ratio and quick ratio for both years. Round your answers to one decimal place.
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