Question

In: Accounting

Sherwood, Inc., the parent company of Frito-Lay snack foods and Sherwood beverages, had the following current...

Sherwood, Inc., the parent company of Frito-Lay snack foods and Sherwood 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 $2,485 $2,671
Short-term investments, at cost 1,765 4,961
Accounts and notes receivable, net 5,610 5,088
Inventories 1,305 580
Prepaid expenses and other current assets 435 215
Short-term obligations 232 2,465
Accounts payable 5,568 5,485

a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place.

Current Year Previous Year
1. Current ratio
2. Quick ratio

Solutions

Expert Solution

ekkarill92 answered 2 years ago
Next > < Previous

Related Solutions

Current Position Analysis Sherwood, Inc., the parent company of Frito-Lay snack foods and Sherwood beverages, had...
Current Position Analysis Sherwood, Inc., the parent company of Frito-Lay snack foods and Sherwood 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$2,544 $2,722 Short-term investments, at cost1,807 5,054 Accounts and notes receivable, net5,745 5,184 Inventories1,893 1,261 Prepaid expenses and other current assets631 467 Short-term obligations252 2,678 Accounts payable6,058 5,962 a. Determine the (1) current ratio and (2) quick ratio for both...
Current Position Analysis Sherwood, Inc., the parent company of Frito-Lay snack foods and Sherwood beverages, had...
Current Position Analysis Sherwood, Inc., the parent company of Frito-Lay snack foods and Sherwood 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$2,544 $2,722 Short-term investments, at cost1,807 5,054 Accounts and notes receivable, net5,745 5,184 Inventories1,893 1,261 Prepaid expenses and other current assets631 467 Short-term obligations252 2,678 Accounts payable6,058 5,962 a. Determine the (1) current ratio and (2) quick ratio for both...
PepsiCo, Inc., the parent company of Frito-Lay snack foods and Pepsi beverages, had the following current...
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: Current Year (in millions) Previous Year (in millions) Cash and cash equivalents $6,297 $4,067 Short-term investments, at cost 322 358 Accounts and notes receivable, net 7,041 6,912 Inventories 3,581 3,827 Prepaid expenses and other current assets 1,479 2,277 Short-term obligations 4,815 6,205 Accounts payable 12,274 11,949 a. Determine the (1) current ratio and...
Sherwood, Inc., the parent company of Tasty snack foods and Super beverages, had the following current...
Sherwood, Inc., the parent company of Tasty snack foods and Super 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 $4,622 $5,011 Short-term investments, at cost 3,283 9,307 Accounts and notes receivable, net 10,435 9,546 Inventories 2,751 1,834 Prepaid expenses and other current assets 917 678 Short-term obligations 367 3,894 Accounts payable and other current liabilities 8,684 7,938 Income taxes payable...
Current Position Analysis Sherwood, Inc., the parent company of Tasty snack foods and Super beverages, had...
Current Position Analysis Sherwood, Inc., the parent company of Tasty snack foods and Super 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 $5,228 $5,451 Short-term investments, at cost 3,714 10,123 Accounts and notes receivable, net 11,804 10,382 Inventories 1,353 1,805 Prepaid expenses and other current assets 451 667 Short-term obligations 361 3,832 Accounts payable 8,659 8,528 a. Determine the (1)...
Current Position Analysis Sherwood, Inc., the parent company of Tasty snack foods and Super beverages, had...
Current Position Analysis Sherwood, Inc., the parent company of Tasty snack foods and Super 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 $5,228 $5,451 Short-term investments, at cost 3,714 10,123 Accounts and notes receivable, net 11,804 10,382 Inventories 1,353 1,805 Prepaid expenses and other current assets 451 667 Short-term obligations 361 3,832 Accounts payable 8,659 8,528 a. Determine the (1)...
Current Position Analysis Sherwood, Inc., the parent company of Tasty snack foods and Super beverages, had...
Current Position Analysis Sherwood, Inc., the parent company of Tasty snack foods and Super 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 $3,661 $3,716 Short-term investments, at cost 2,600 6,901 Accounts and notes receivable, net 8,265 7,079 Inventories 1,816 2,422 Prepaid expenses and other current assets 605 896 Short-term obligations 323 3,429 Accounts payable 7,747 7,631 a. Determine the (1)...
3. Current Position Analysis Sherwood, Inc., the parent company of Tasty snack foods and Super beverages,...
3. Current Position Analysis Sherwood, Inc., the parent company of Tasty snack foods and Super 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 $1,692 $1,502 Short-term investments, at cost 1,202 2,790 Accounts and notes receivable, net 3,820 2,862 Inventories 2,798 3,730 Prepaid expenses and other current assets 932 1,380 Short-term obligations 298 3,168 Accounts payable 7,162 7,052 a. Determine the...
Answer this fully please PepsiCo, Inc. (PEP), the parent company of Frito-Lay snack foods and Pepsi...
Answer this fully please 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 a. Determine...
Frito-Lay's Quality-Controlled Potato Chips Video Case Frito-Lay, the multi-billion-dollar snack food giant, produces billions of pounds...
Frito-Lay's Quality-Controlled Potato Chips Video Case Frito-Lay, the multi-billion-dollar snack food giant, produces billions of pounds of product every year at its dozens of U.S. and Canadian plants. From the farming of potatoes—in Florida, North Carolina, and Michigan—to factory and to retail stores, the ingredients and final product of Lay’s chips, for example, are inspected at least 11 times: in the field, before unloading at the plant, after washing and peeling, at the sizing station, at the fryer, after seasoning,...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT