This weeks discussion topic comes from CT 11.2 in your textbook on pages 11-39. PepsiCo, Inc. financial statements are in Appendix B, and Coca-Cola Company financial statements are in Appendix C. Use their financials to answer the following questions:

• On December 28, 2019, what was PepsiCos largest current liability account? What were its total current liabilities? On December 31, 2019, what was Coca-Colas largest current liability account? What were its total current liabilities?

• Based on information contained in those financial statements, compute the following 2019 values for each company:

  • working capital

  • current ratio

• What conclusions concerning the relative liquidity of these companies can be drawn from these data?