Evaluate the existing ratio and quick ratio for both years

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Reference no: EM133555

Question 26:
PepsiCo, inc., the parent company of Frito-Lay snack foods and Pepsi beverages, had the subsequent current liabilities and current assets at the end of two current years.

December 31,2005 December 25,2004

Cash and cash equivalents $1,716 $1,280

Short-term investments, at cost 3,166 2,165

Accounts and notes receivable (net) 3,261 2,999

Inventories 1,693 1,541

Prepaid exp. and other current assets 618 654

Short-term obligations 2,889 1,054

Acc. payable and other current liabilities 5,971 5,999

Income taxes payable 546 99

a. Evaluate the existing ratio and quick ratio for both years.

b. What conclusions will you draw from these data?

Reference no: EM133555

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