Current position analysis 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: 11eb79a5_9a51_5c64_bf8a_5b1bf3334f04_SM1598_00 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?

Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

Edition 14ISBN: 978-1305653535

Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

Edition 14ISBN: 978-1305653535

Exercise 32

Current position analysis
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?

Explanation

Verified

a. Current position analysis
(1) Curren...