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Please help me to do this Current position analysis PepsiCo, Inc. (PEP), the parent company of Frito-Lay snack foods and Pepsi beverages, had the following
Please help me to do this
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 $25,385 $14,945 Short-term investments, at cost 6,585 4,160 Accounts and notes receivable, net 7,066 7,314 Inventories 3,341 3,327 Prepaid expenses and other current assets 1,598 1,878 Short-term obligations 7,099 4,047 Accounts payable 14,671 13,425 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. X 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 1. Current ratio 0 X 9.1 2. Quick ratio Check My Work Previous NextStep by Step Solution
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