1. 2. Following are summarized 2020 and 2019 income statements and balance sheets for The Coca-Cola Company. 4. Interpret your results for Coca Cola in comparison to those of PepsiCo (which follow). \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{THECOCA-COLACOMPANYANDSUBSIDIARIESConsolidatedStatementsofIncome(5millions)} \\ \hline Year Ended December 31 & 2020 & 2019 \\ \hline Net operating revenues & $33,674 & $38,011 \\ \hline Cost of goods sold & 13,702 & 14,911 \\ \hline Gross profit & 19,972 & 23,100 \\ \hline Selling, general, and administrative expenses & 9,926 & 12,345 \\ \hline Other operating charges & 870 & 467 \\ \hline Operating income & 9,176 & 10,288 \\ \hline Interest income & 377 & 574 \\ \hline Interest expense & 1,466 & 965 \\ \hline Equity income (loss)-net & 998 & 1,070 \\ \hline Other income (loss)-net & 858 & 35 \\ \hline Income before taxes & 9,943 & 11,002 \\ \hline Income taxes & 2,021 & 1,837 \\ \hline Consolidated net income & $7,922 & $9,165 \\ \hline \end{tabular} Required 1. Calculate Coca-Cola's profit margin (PM) and asset turnover (AT) ratios for 2020. 2. Show that ROA = PM AT using Coca-Cola's financial data. 3. Calculate Coca-Cola's gross profit margin (GPM), accounts receivable turnover (ART), inventory turnover (INVT), and property, plant, and equipment turnover (PPET) ratios for 2020. Note: Enter amounts rounded to two digits after the decimal; for example, enter 1.42 for 1.424 , or 1.43 for 1.425