PepsiCo, Inc.’s financial statements are presented in Appendix B. Financial statements of The Coca-Cola Company are presented in Appendix C. The complete annual reports of PepsiCo and Coca-Cola, including the notes to the financial statements, are available at each company’s respective website.

Instructions

a. Compute the asset turnover for each company for 2015.

b. What conclusions concerning the efficiency of assets can be drawn from these data?