Current Year Previous Year (in millions) (in millions) Cash and cash equivalents $19,993 $10,174 Short-term investments, at cost 6,551 3,180 Accounts and notes receivable, net 7,100 7,282 Inventories 3,622 3,608 Prepaid expenses and other current assets 1,632 1,797 Short-term obligations 7,290 3,994 Accounts payable 15,065 13,252 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your ansvwers in the question 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

Current Year Previous Year (in millions) (in millions) Cash and cash equivalents $19,993 $10,174 Short-term investments, at cost 6,551 3,180 Accounts and notes receivable, net 7,100 7,282 Inventories 3,622 3,608 Prepaid expenses and other current assets 1,632 1,797 Short-term obligations 7,290 3,994 Accounts payable 15,065 13,252 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your ansvwers in the question 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

Name: . Pepsico, Inc. (PEP), the parent company of Frito-Lay snack foods and
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Description: . 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 rCurrent Year Previous Year(in millions)(in millions)Cash and cash equivalents$19,993$1

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter20: Corporations And Parterships

Section: Chapter Questions

Problem 51P

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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 ???? ????
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