PepsiCo, Inc. financial statements are in Appendix B, and Coca-Cola Company financial statements are in Appendix C. Use their financials to answer the following questions:
On December 28, 2019, what was PepsiCo’s largest current liability account? What were its total current liabilities? On December 31, 2019, what was Coca-Cola’s largest current liability account? What were its total current liabilities?
Based on information contained in those financial statements, compute the following 2019 values for each company:
working capital
current ratio
What conclusions concerning the relative liquidity of these companies can be drawn from these data?