Pepsico, 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 Previous Year (in millions) (in millions) Cash and cash equivalents $2,794 $2,659 Short-term investments, at cost 1,985 4,937 Accounts and notes receivable, net 6,309 5,064 Inventories 1,386 924 Prepaid expenses and other current assets 462 342 Short-term obligations 370 3,925 Accounts payable 8,870 8,735 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

Pepsico, 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 Previous Year (in millions) (in millions) Cash and cash equivalents $2,794 $2,659 Short-term investments, at cost 1,985 4,937 Accounts and notes receivable, net 6,309 5,064 Inventories 1,386 924 Prepaid expenses and other current assets 462 342 Short-term obligations 370 3,925 Accounts payable 8,870 8,735 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

Name: Current Position AnalysisPepsico, Inc., the parent company of Frito-L
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Description: Current Position AnalysisPepsico, 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 Previous Year(in millions)(in millions)Cash

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 13E: Ratio of liabilities to stockholders equity and times interest earned The following data were taken...

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