Business, 17.06.2020 21:57, hervinlouis014
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:
Current Year (in millions) Previous Year (in millions)
Cash and cash equivalents $6,807 $3,709
Short-term investments, at cost 7,458 4,416
Accounts and notes receivable, net 8,059 8,744
Inventories 3,815 3,813
Prepaid expenses and other current assets 1,571 1,848
Short-term obligations 6,548 4,109
Accounts payable 13,532 13,631
Required:
Determine the:
a. current ratio
b. quick ratio for both years.
Answers: 2
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Current position analysis PepsiCo, Inc. (PEP), the parent company of Frito-Lay snack foods and Pepsi...
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