calculate the current ratio and quick ratio [(cash+short investments+net income)/current liabilities] for both companies for 2016 and 2017. describe what these ratios indicate about the liquidity of pepsi and coke in 2016 compared to 2017. describe what these ratios indicate about the liquidity of pepsi compared to coke for both years. which company seems to be more liquid? what are the advantages and disadvantages of liquidity?

THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS 2017 2016 $ 6,006 9,352 15.358 5317 3657 8,555 9,595 18,150 4,051 3,856 2675 2481 2,797 34,010 16,260 99 4,248 10,635 6,097 3,676 10,629 726 $ 87,270 9.401 368 $ 87,896 December 31 (In millions except par value) ASSETS CURRENT ASSETS Cash and cash equivalents Short-term investments TOTAL CASH, CASH EQUIVALENTS AND SHORFTERM INVESTMENTS Marketable securities Trade accounts receivable, less allowances of $477 and $466, respectively Inventories Prepaid expenses and other assets Assets held for sale Assets held for sale - discontinued operations TOTAL CURRENT ASSETS EQUITY METHOD INVESTMENTS OTHER INVESTMENTS OTHER ASSETS PROPERTY, PLANT AND EQUIPMENT -net TRADEMARKS WITH INDEFINITE LIVES BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES GOODWILL OTHER INTANGIBLE ASSETS TOTAL ASSETS LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses Loans and notes payable Current maturities of long-term debt Accrued income taxes Liabilities held for sale Liabilities held for sale - discontinued operations TOTAL CURRENT LIABILITIES LONG-TERM DEBT OTHER LIABILITIES DEFERRED INCOME TAXES THE COCA-COLA COMPANY SHAREOWNERS' EQUITY Common stock, $025 par values Authorized -11,200 shares; Issued -7,040 and 7,040 shares, respectively Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, at cost-2,781 and 2,752 shares, respectively EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS TOTAL EQUITY TOTAL LIABILITIES AND EQUITY $ $ 8,748 13,205 9,490 12,498 3527 307 710 410 1.495 27.194 31.1 8,021 2.522 2532 29,684 4081 3,753 1,760 15.864 60,430 (10,305) (50,677) 17,072 1.905 18,977 $ 87,896 1,760 14,993 65,502 (11,205) (47,988) 23,062 158 23,220 $ 87,270