a. Determine the (1) current ratio and (2) quick ratio for both years. Round answers to one decimal place. Current Year Previous Year 1. Current ratio 2. Quick ratio
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- Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectivelyPepsiCo, Inc., the parent company of Frito-Lay snack foods and Pepsi beverages, had thefollowing current assets and current liabilities at the end of two recent years: Current Year Previous Year (in millions) (in millions)Cash and cash equivalents $ 6,297 $ 4,067Short-term investments, at cost 322 358Accounts and notes receivable, net 7,041 6,912Inventories 3,581 3,827Prepaid expenses and other current assets 1,479 2,277Short-term obligations 4,815 6,205Accounts payable 12,274 11,949a. Determine the (1)…Sherwood, Inc., the parent company of Frito-Lay snack foods and Sherwood beverages, had the following current assets and current liabilities at the end of two recent years: Line Item Description Current Year(in millions) Previous Year(in millions) Cash and cash equivalents $4,611 $4,986 Short-term investments, at cost 3,275 9,259 Accounts and notes receivable, net 10,411 9,497 Inventories 1,445 963 Prepaid expenses and other current assets 481 356 Short-term obligations 385 4,089 Accounts payable 9,245 9,101 a. Determine the (1) current ratio and (2) quick ratio for both years. Round your answers to one decimal place. Line Item Description Current Year Previous Year 1. Current ratio ? ? 2. Quick ratio ? ? slightly over this time period. Both the current and quick ratios have fill in the blank 2 of 4 . Sherwood is a fill in the blank 3 of 4 company with fill in the blank 4 of 4 resources…
- Sherwood, Inc., the parent company of Frito-Lay snack foods and Sherwood 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 $3,155 $3,047 Short-term investments, at cost 2,241 5,659 Accounts and notes receivable, net 7,123 5,803 Inventories 1,445 1,926 Prepaid expenses and other current assets 481 712 Short-term obligations 385 4,089 Accounts payable 9,245 9,101 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. Current Year Previous Year 1. Current ratio 2. Quick ratioPepsiCo, Inc., 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 $8,721 $10,610 Short-term investments, at cost 272 8,900 Accounts and notes receivable, net 7,142 7,024 Inventories 3,128 2,947 Prepaid expenses and other current assets 2,630 1,546 Accounts payable 18,112 15,017 Other short-term liabilities 4,026 5,485 a. Determine the (1) current ratio and (2) quick ratio for both years. Round answers to one decimal place. Current Year Previous Year 1. Current ratio fill in the blank 1 fill in the blank 2 2. Quick ratio fill in the blank 3 fill in the blank 4 b. The liquidity of PepsiCo has over this time period. The current ratio has and the quick ratio has .epsiCo, 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 $21,243 $10,202 Short-term investments, at cost 8,540 5,297 Accounts and notes receivable, net 6,361 6,644 Inventories 2,814 2,801 Prepaid expenses and other current assets 1,602 1,863 Short-term obligations 6,613 3,718 Accounts payable 13,667 12,334 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 2. Quick ratio
- Sherwood, Inc., had the following current assets and current liabilities at the end of two recent years: Year 2(in millions) Year 1(in millions) Cash and cash equivalents $4,165 $4,528 Short-term investments, at cost 2,958 8,408 Accounts and notes receivable, net 9,404 8,624 Inventories 1,771 787 Prepaid expenses and other current assets 590 291 Short-term obligations (liabilities) 315 3,342 Accounts payable and other current liabilities 7,453 6,813 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. Year 2 Year 1 Current ratio fill in the blank 1 fill in the blank 2 Quick ratio fill in the blank 3 fill in the blank 4PepsiCo, 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 $25,551 $9,216 Short-term investments, at cost 7,238 4,835 Accounts and notes receivable, net 7,097 7,405 Inventories 2,641 2,635 Prepaid expenses and other current assets 1,647 1,805 Short-term obligations 7,425 3,820 Accounts payable 15,345 12,674 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. Open spreadsheet 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…PepsiCo, Inc. (PEP), the parent company of Frito-LayTM snack foods and Pepsi beverages, had the following current assets and current liabilities at the end of two recent years: Year 2(in millions) Year 1(in millions) Cash and cash equivalents $ 9,096 $ 6,134 Short-term investments, at cost 2,913 2,592 Accounts and notes receivable, net 6,437 6,651 Inventories 2,720 3,143 Prepaid expenses and other current assets 1,865 2,143 Short-term obligations (liabilities) 4,071 5,076 Accounts payable and other current liabilities 13,507 13,016 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. Year 2 Year 1 Current ratio ???? ???? Quick ratio ???? ????
- PepsiCo, Inc. (PEP), the parent company of Frito-LayTM snack foods and Pepsi beverages, had the following current assets and current liabilities at the end of two recent years: Year 2(in millions) Year 1(in millions) Cash and cash equivalents $ 9,096 $ 6,134 Short-term investments, at cost 2,913 2,592 Accounts and notes receivable, net 6,437 6,651 Inventories 2,720 3,143 Prepaid expenses and other current assets 1,865 2,143 Short-term obligations (liabilities) 4,071 5,076 Accounts payable and other current liabilities 13,507 13,016 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. Year 2 Year 1 Current ratio fill in the blank 1 fill in the blank 2 Quick ratio fill in the blank 3 fill in the blank 4 b. What conclusion can be drawn from these data?Based on the accounting records, the total assets book value as of January 1, 2021 is P1,875,362.99 but due to inflation the current cost is determined to be P1,990,800.21 while the total liabilities is P988,123.54 as of January 1, 2021. The company received additional investments of P651,345.22 during the year while dividends declared and paid is P450,650. At the end of the year, the books reported Total assets of P2,992,748.55 and liabilities of P1,555,661.24. What is the net income (loss) under the physical capital concept?The current assets and current liabilities for RCE and John K Company are as follows: RCE John K, Inc For Year Ending For Year Ending Dec. 31 Dec. 31 ____________________________________________________________________ Current Assets Cash and Cash Equivalents $8,352 $8,546 Short-term Investments 6,034 752 Accounts Receivable 3,029 5,152 Inventories 446 660 Other Current Assets * 2,195 2,829 Toral Current Assets $20,056 $17,939 Current Liabilities Accounts Payable $4,970 $10,430 Accrued and Other Current Liabilities 3,329 6,361 Total Current Liabilities $8,299 $16,791 These represent prepaid expenses and other non-quick current assets. Required: Determine the quick ratio for RCE and John K, Inc. What’s the liquidity difference between the two companies? And what does that mean?