This week's discussion topic comes from CT 11 2 in your textbook on pages 11 39 Accounting principles fourteenth edition PepsiCo, Inc financial statements are in Appendix B, and Coca Cola Company financial statements are in Appendix C Use their financials to answer the following questions On December 28, 2019, what was PepsiCo's largest current liability account What were its total current liabilities On December 31, 2019, what was Coca Cola's largest current liability account What were its total current liabilities Based on information contained in those financial statements, compute the following 2019 values for each company working capital current ratio What conclusions concerning the relative liquidity of these companies can be drawn from these data

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Question: This week's discussion topic comes from CT 11.2 in your textbook on pages 11-39. Accounting principles fourteenth edition PepsiCo, Inc. financial statements are in Appendix

This week's discussion topic comes from CT 11.2 in your textbook on pages 11-39. Accounting principles fourteenth edition PepsiCo, Inc. financial statements are in Appendix B, and Coca-Cola Company financial statements are in Appendix C. Use their financials to answer the following questions:

On December 28, 2019, what was PepsiCo's largest current liability account? What were its total current liabilities? On December 31, 2019, what was Coca-Cola's largest current liability account? What were its total current liabilities?
Based on information contained in those financial statements, compute the following 2019 values for each company:
- working capital
- current ratio
What conclusions concerning the relative liquidity of these companies can be drawn from these data?

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