PepsiCo, Inc., the parent company of Frito-Lay snack foods and Pepsi beverages, had the following current assets

Question:

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:


PepsiCo, Inc., the parent company of Frito-Lay snack foods and 115908


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 thesedata?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

Question Posted: