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 these data about PepsiCo’s liquidity?

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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