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) $2,359 1,675 5,326 1,170 390 312 7,488 Cash and cash equivalents $2,245 Short-term investments, at cost 4,169 Accounts and notes receivable, net 4,276 Inventories 1,561 Prepaid expenses and other current assets 577 Short-term obligations and other liabilities 3,314 7,376 Accounts payable a. Determine the (1) current ratio and (2) quick ratio for both years. Round your answers to one decimal place. Current Year Previous Year 1. Current ratio 2. Quick ratio Previous Year (in millions) b. The liquidity of Sherwood has short-term obligations. slightly over this time period. Both the current and quick ratios have Sherwood is a company with resources for meeting

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) $2,359 1,675 5,326 1,170 390 312 7,488 Cash and cash equivalents $2,245 Short-term investments, at cost 4,169 Accounts and notes receivable, net 4,276 Inventories 1,561 Prepaid expenses and other current assets 577 Short-term obligations and other liabilities 3,314 7,376 Accounts payable a. Determine the (1) current ratio and (2) quick ratio for both years. Round your answers to one decimal place. Current Year Previous Year 1. Current ratio 2. Quick ratio Previous Year (in millions) b. The liquidity of Sherwood has short-term obligations. slightly over this time period. Both the current and quick ratios have Sherwood is a company with resources for meeting

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 $3,315 $3,531 Short-term investments, at cost 2,355 6,557 Accounts and notes receivable, net 7,485 6,726 Inventories 1,973 1,753 Prepaid expenses and other current assets 658 649 Short-term obligations 351 3,723 Accounts payable 8,419 8,287 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 fill in the blank 1 fill in the blank 2 2. Quick ratio fill in the blank 3 fill in the blank 4 b. The liquidity of Sherwood has some over this time period. Both the current and quick ratios have . Sherwood is a company with resources for meeting short-term…
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 $2,463 $2,610 Short-term investments, at cost 1,749 4,847 Accounts and notes receivable, net 5,560 4,971 Inventories 1,571 1,396 Prepaid expenses and other current assets 523 516 Short-term obligations 279 2,964 Accounts payable 6,701 6,596 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 fill in the blank 1 fill in the blank 2 2. Quick ratio fill in the blank 3 fill in the blank 4
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 $3,599 $3,902 Short-term investments, at cost 2,556 7,247 Accounts and notes receivable, net 8,125 7,433 Inventories 2,142 2,142 Prepaid expenses and other current assets 714 792 Short-term obligations 286 3,032 Accounts payable 6,854 6,748 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place.
Current position analysis the following data were taken from the balance sheet of Nilo company at the end of the two recent Fisher years; Current assets: Cash Marketable securities Account and note receivable (net) Inventories Prepaid expenses Total Current assets Current liabilities Account and notes payable ( short-term) Accrued liabilities Total Current liabilities Current year $417,000 cash 483,100 Marketable securities 197,700 acct not receivable ( net) 845,500 inventory 435,500 prepaid 2,379,000 Total Current assets Previous year $339,200 cash 381,600 Marketable securities 127,200 access note receivable ( net) 614,300 inventory 392,700 prepaid expenses 1,855,000 Total Current assets Current year Current liabilities Short term $353,800 Accrued liabilities 256,200 Total Current liabilities $610,000 Previous year Short term $371,000 Accrued liabilities 159,000 Total Current liabilities $530,000 A. Determine for each year 1 capital, 2 the current ratio,…
Current Position Analysis PepsiCo, Inc. (PEP), the parent company of Frito-LayTM snack foods and Pepsi beverages, had the following current assets and current liabilities at the end of two recent years: Year 2 (in millions) Year 1 (in millions) $9,158 6,967 Cash and cash equivalents Short-term investments, at cost Accounts and notes receivable, net Inventories Current ratio Quick ratio Year 2 $ 10,610 b. What conclusion can be drawn from these data? 8,900 7,024 2,947 1,546 Prepaid expenses and other current assets Short-term obligations (liabilities) 5,485 6,892 Accounts payable and other current liabilities 15,017 14,243 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. Year 1 6,694 2,723 908
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $387,600 448,800 183,600 1,032,200 531,800 $2,584,000 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has improved increased $394,400 285,600 $680,000 $306,800 345,200 115,000 719,800 460,200 $1,947,000 $413,000 177,000 $590,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year ✔ from the preceding year to the current year. The working capital, current ratio, and quick ratio have all ✔Most of these channes are the result of an increase ✔in nurrent accets…
cash flow statment Assets Long term investments long-term assets Brand name & Goodwell The comparative statements of financial position of Lopez Inc. at the beginning and the end of the year 2022 appear as follows. Inventory Accounts receivable Cash Total J Equity and Liabilities Share capital ordinary Retained earnings Accounts payable Income Tax payable Total Ć Lopez Inc. Statements of Financial Position Dec.31, 2022 $ 56,000 115,000 50,000 100,000 65,000 12,000 $398,000 $250,000 61,000 53,000 34,000 $398,000 Jan. 1, 2022 $ 40,000 150,000 43,000 60,000 40,000 43,000 $376,000 $ 200,000 91,000 75,000 10,000 $376,000 Additional information Net income $90,000 Deprecation on long term assets $25,000 dividends of $15,000 were paid in 2022 a long-term asset with a net book value of $10,000 were sold at a gain of $17,000 Instructions From the information given above, prepare a Cash Flow Statement for Lopez Inc. for the period ending 31st Dec., 2022 (Using indirect method). Show very clearly…
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: Current Year (in millions) Prior Year (in millions) Cash and cash equivalents $5,943 $3,943 Short-term investments, at cost 426 192 Accounts and notes receivable, net 6,323 4624 Inventories 3,372 2,618 Prepaid expenses and other current assets 1,505 1,194 Short-term obligations 4,898 8,292 Accounts payable 10,994 464 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. b. What conclusions can draw from these data?
Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities 1. Working capital 2. Current ratio $410,400 475,200 194,400 712,800 367,200 $2,160,000 3. Quick ratio b. The liquidity of Albertini has these changes are the result of an $313,200 226,800 $540,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year $ $338,400 380,700 126,900 516,100 329,900 $1,692,000 $329,000 141,000 $470,000 from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities.…
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities 1. Working capital 2. Current ratio Current Year Previous Year 3. Quick ratio $391,000 515,000 634,000 368,000 182,000 $2,090,000 $725,000 275,000 $1,000,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year $300,000 354,000 426,000 222,000 138,000 $1,440,000 $600,000 300,000 $900,000 LA Previous Year
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: Current Year Previous Year (in millions) (in millions) Cash and cash equivalents $2,794 $2,659 Short-term investments, at cost 1,985 4,937 Accounts and notes receivable, net 6,309 5,064 Inventories 1,386 924 Prepaid expenses and other current assets 462 342 Short-term obligations 370 3,925 Accounts pavable 8,870 8,735 a. Determine the (1) current ratio and (2) quick ratio for both years. Round answers to one decimal place. Current Year Previous Year 1. Current ratio 2. Quick ratio
What do the following data, taken from a comparative balance sheet, indicate about the company’s ability to borrow additional long-term debt in thecurrent year as compared to the preceding year? Current Year Preceding YearFixed assets (net) $1,260,000 $1,360,000Total long-term liabilities 300,000 400,000