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Determine the quick ratio for both years

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Reference no: EM132719581

Problem - 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

$?9,158

$?9,096

Short-term investments, at cost

6,967

2,913

Accounts and notes receivable, net

6,694

6,437

Inventories

2,723

2,720

Prepaid expenses and other current assets

1,547

1,865

Short-term obligations

6,892

4,071

Accounts payable

14,243

13,507

Required -

a. Determine the (1) current ratio and  Round to one decimal place.

a. Determine the (2) quick ratio for both years. Round to one decimal place.

b. What conclusions can you draw from these data about PepsiCo's liquidity?

Reference no: EM132719581

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