Problem 2-10 Comparing The Coca-Cola Company and PepsiCo LO2.4 The current items, listed in alphabetical order, are taken from the consolidated balance sheets of The Coca-Cola Company as of December 31, 2010, and PepsiCo as of December 25, 2010, (All amounts are in millions of dollars.) The Coca-Cola Company Accounts payable and accrued expense $ 8.859 Accrued income taxes 273 Cash and cash equivalents 8,517 Current maturities of long-term debt 1,276 Inventories 2,650 Loons and notes payable 8,100 Marketable securities 138 Prepaid expenses and other assets 3.162 Short-term investments 2,682 Trade accounts receivable, loss allowance of 548 4,430 PepsiCo Accounts and notes receivable, not $ 6,323 Accounts payable and other current liabid 10,923 Cash and cash equivalents 5,943 Income taxes payable Inventories 3,372 Prepaid expenses and other current assets Short-term investments Short-term obligations Required 1. Compute working capital and the current ratio for both companies, 2. On the basis of your answers to (1), which company appears to be more liquid? 3. Other factors that company's liquidity besides working capital and current ratio. Com ment on the composition of each company's current assets and ways this composition affects liquidity We've updated our read 505 RO