| E9-5: Income statement data for Grendel Images Company for the years ended December 31, 2010 and 2009, are as follows: |
| E9-7: PepsiCo, Inc. the parent company of Frito-Lay snack foodsand Pepsi beverages, had the following current assets and currentliabilities at the end of two recent years: | ||||||||||||
| Year 2 | Year 1 | |||||||||||
| (millions) | (millions) | |||||||||||
| Cash and cash equivalents | $1,651 | $ 1,716 | ||||||||||
| Short term investments, at cost | $1,171 | $ 3,166 | ||||||||||
| Accounts and notes receivable, net | $3,725 | $ 3,261 | ||||||||||
| Inventories | $1,926 | $ 1,693 | ||||||||||
| Prepaid expenses and other current assets | $657 | $ 618 | ||||||||||
| Short term obligations | $274 | $ 2,889 | ||||||||||
| Accounts payable and other current liabilities | $6,496 | $ 5,971 | ||||||||||
| Income taxes payable | $90 | $ 546 | ||||||||||