The most recent data from the annual balance sheets of Pellegrini Southern Corporation and Jing Foodstuffs...

Transcribed Image Text:

The most recent data from the annual balance sheets of Pellegrini Southern Corporation and Jing Foodstuffs Corporation are as follows: Balance Sheet December 31st31" (Millions of dollars) Jing Pellegrini Foodstuffs Southern Corporation Corporation Jing Pellegrini Foodstuffs Southern Corporation Corporation Assets Liabilities Current Current assets liabilities Accounts Cash $4,879 $3,136 $0 $0 payable Accounts 1,785 1,148 receivable Accruals 1,076 0 Notes Inventories 5,236 3,366 6,096 5,737 payable Total Total current $11,900 $7,650 current $7,172 $5,737 assets liabilities Net fixed Long- term 8,765 7,013 assets bonds Net plant Total and 9,350 9,350 $15,937 $12,750 debt equipment Common equity Common $3,453 $2,763 stock Retained 1.860 1 487 Total Total current $11,900 $7,650 current $7,172 $5,737 assets liabilities Net fixed Long- term 8,765 7,013 assets bonds Net plant Total and 9,350 9,350 $15,937 $12,750 debt equipment Common equity Common $3,453 $2,763 stock Retained 1,860 1,487 earnings Total common $5,313 $4,250 equity Total Total assets liabilities $21,250 $17,000 $21,250 $17,000 and equity Pellegrini Southern Corporation's current ratio is [Select] , and its quick ratio is [Select] Jing Foodstuffs Corporation's current ratio is 3.1592, and its quick ratio is 1.1150. The most recent data from the annual balance sheets of Pellegrini Southern Corporation and Jing Foodstuffs Corporation are as follows: Balance Sheet December 31st31" (Millions of dollars) Jing Pellegrini Foodstuffs Southern Corporation Corporation Jing Pellegrini Foodstuffs Southern Corporation Corporation Assets Liabilities Current Current assets liabilities Accounts Cash $4,879 $3,136 $0 $0 payable Accounts 1,785 1,148 receivable Accruals 1,076 0 Notes Inventories 5,236 3,366 6,096 5,737 payable Total Total current $11,900 $7,650 current $7,172 $5,737 assets liabilities Net fixed Long- term 8,765 7,013 assets bonds Net plant Total and 9,350 9,350 $15,937 $12,750 debt equipment Common equity Common $3,453 $2,763 stock Retained 1.860 1 487 Total Total current $11,900 $7,650 current $7,172 $5,737 assets liabilities Net fixed Long- term 8,765 7,013 assets bonds Net plant Total and 9,350 9,350 $15,937 $12,750 debt equipment Common equity Common $3,453 $2,763 stock Retained 1,860 1,487 earnings Total common $5,313 $4,250 equity Total Total assets liabilities $21,250 $17,000 $21,250 $17,000 and equity Pellegrini Southern Corporation's current ratio is [Select] , and its quick ratio is [Select] Jing Foodstuffs Corporation's current ratio is 3.1592, and its quick ratio is 1.1150.