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Business
AccountingSurvey of Accounting (Accounting I)8th Edition

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Chapter 9, Problem 9.7E
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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883

Solutions

Chapter
Section
Problem 1SEQ
Problem 2SEQ
Problem 3SEQ
Problem 4SEQ
Problem 5SEQ
Problem 1CDQ
Problem 2CDQ
Problem 3CDQ
Problem 4CDQ
Problem 5CDQ
Problem 6CDQ
Problem 7CDQ
Problem 8CDQ
Problem 9CDQ
Problem 10CDQ
Problem 11CDQ
Problem 12CDQ
Problem 13CDQ
Problem 14CDQ
Problem 15CDQ
Problem 16CDQ
Problem 17CDQ
Problem 9.1E
Problem 9.2E
Problem 9.3E
Problem 9.4E
Problem 9.5E
Problem 9.6E
Problem 9.7E
Problem 9.8E
Problem 9.9E
Problem 9.10E
Problem 9.11E
Problem 9.12E
Problem 9.13E
Problem 9.14E
Problem 9.15E
Problem 9.16E
Problem 9.17E
Problem 9.18E
Problem 9.19E
Problem 9.20E
Problem 9.21E
Problem 9.22E
Problem 9.23E
Problem 9.1.1P
Problem 9.1.2P
Problem 9.2.1P
Problem 9.2.2P
Problem 9.3.1P
Problem 9.3.2P
Problem 9.4.1P
Problem 9.4.2P
Problem 9.4.3P
Problem 9.4.4P
Problem 9.4.5P
Problem 9.4.6P
Problem 9.4.7P
Problem 9.4.8P
Problem 9.4.9P
Problem 9.4.10P
Problem 9.4.11P
Problem 9.4.12P
Problem 9.4.13P
Problem 9.4.14P
Problem 9.4.15P
Problem 9.4.16P
Problem 9.4.17P
Problem 9.4.18P
Problem 9.4.19P
Problem 9.4.20P
Problem 9.5.1P
Problem 9.5.2P
Problem 9.1C
Problem 9.2C
Problem 9.3C
Problem 9.4.1C
Problem 9.4.2C
Problem 9.4.3C
Problem 9.5.1C
Problem 9.5.2C
BuyFindarrow_forward

Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883
Textbook Problem

Current position analysis
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 recent years:


a.Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place.
b. What conclusions can you draw from these data?

To determine

Concept Introduction:

Current Ratio: Current ratio is the ratio of current assets with current liabilities it tells about the capability of a company to meet its daily expenses. Best current ratio is 2:1.

Quick Ratio: Quick ratio is the ratio of quick assets with current liabilities, it tells about the liquidity of the company/ business. Best possible quick ratio is 1:1.

Requirement-1:

To Calculate:

Current ratio and quick ratio.

Explanation
    Particulars Year 1Year 2
    Current Assets(A) 2303120663
    Current Liabilities (B) 1757818092
    Inventory (C) 27203143
To determine

Concept Introduction:

Current Ratio: Current ratio is the ratio of current assets with current liabilities it tells about the how much company strong to meet its day to day expenses. Best current ratio is 2:1.

Quick Ratio: Quick ratio is the ratio of quick assets with current liabilities it tells about the liquidity of the company/ business. Best possible quick ratio is 1:1.

Requirement-2:

To Indicate:

What Conclusion from above ratios?

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Chapter 9,
Problem 9.6E
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Problem 9.8E
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Chapter 9 Solutions

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Ch-9 P-1SEQCh-9 P-2SEQCh-9 P-3SEQCh-9 P-4SEQCh-9 P-5SEQCh-9 P-1CDQCh-9 P-2CDQCh-9 P-3CDQCh-9 P-4CDQCh-9 P-5CDQ
Ch-9 P-6CDQCh-9 P-7CDQCh-9 P-8CDQCh-9 P-9CDQCh-9 P-10CDQCh-9 P-11CDQCh-9 P-12CDQCh-9 P-13CDQCh-9 P-14CDQCh-9 P-15CDQCh-9 P-16CDQCh-9 P-17CDQCh-9 P-9.1ECh-9 P-9.2ECh-9 P-9.3ECh-9 P-9.4ECh-9 P-9.5ECh-9 P-9.6ECh-9 P-9.7ECh-9 P-9.8ECh-9 P-9.9ECh-9 P-9.10ECh-9 P-9.11ECh-9 P-9.12ECh-9 P-9.13ECh-9 P-9.14ECh-9 P-9.15ECh-9 P-9.16ECh-9 P-9.17ECh-9 P-9.18ECh-9 P-9.19ECh-9 P-9.20ECh-9 P-9.21ECh-9 P-9.22ECh-9 P-9.23ECh-9 P-9.1.1PCh-9 P-9.1.2PCh-9 P-9.2.1PCh-9 P-9.2.2PCh-9 P-9.3.1PCh-9 P-9.3.2PCh-9 P-9.4.1PCh-9 P-9.4.2PCh-9 P-9.4.3PCh-9 P-9.4.4PCh-9 P-9.4.5PCh-9 P-9.4.6PCh-9 P-9.4.7PCh-9 P-9.4.8PCh-9 P-9.4.9PCh-9 P-9.4.10PCh-9 P-9.4.11PCh-9 P-9.4.12PCh-9 P-9.4.13PCh-9 P-9.4.14PCh-9 P-9.4.15PCh-9 P-9.4.16PCh-9 P-9.4.17PCh-9 P-9.4.18PCh-9 P-9.4.19PCh-9 P-9.4.20PCh-9 P-9.5.1PCh-9 P-9.5.2PCh-9 P-9.1CCh-9 P-9.2CCh-9 P-9.3CCh-9 P-9.4.1CCh-9 P-9.4.2CCh-9 P-9.4.3CCh-9 P-9.5.1CCh-9 P-9.5.2C

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