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:
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?
Transcribed Image Text:
Dec. 26, 2009 (in millions) Cash and cash equivalents Short-term investments, at cost Accounts and notes receivable, net Inventories Prepaid expenses and other current as Short-term obligations Accounts payable Other current liabilities $3,943 192 4,624 2,618 1,194 Dec. 27, 2008 in millions) $2,064 213 4,683 2,522 1,324 sets 8,292 0 6,494 1,924
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a 1 Current Ratio Dec 26 2009 14 Dec 27 2008 12 2 Quick Ratio Dec 26 2009 10 Dec 27 20...View the full answer
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