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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 liabilities at the end
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 | $13,189 | $1,703 | ||
Short-term investments, at cost | 7,090 | 4,596 | ||
Accounts and notes receivable, net | 6,988 | 7,772 | ||
Inventories | 3,403 | 3,393 | ||
Prepaid expenses and other current assets | 1,557 | 1,914 | ||
Short-term obligations | 7,298 | 3,902 | ||
Accounts payable | 15,082 | 12,948 |
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Determine the (1) current ratio and (2) quick ratio for both years. Round your answers to one decimal place.
Current Year Previous Year 1. Current ratio fill in the blank 2 fill in the blank 3 2. Quick ratio fill in the blank 4 fill in the blank 5
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