Common-Size Income Statements. PepsiCo, Inc. reported the following in-come statements: PEPSICO, INC.Income Statement For the Years Ended December Year 2 and Year 1(in millions) Year 2 Year 1

Sales revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $39,474 $35,137

Cost of goods sold. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,038 15,762

Gross profit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,436 19,375

Selling and administrative expenses . . . . . . . . . . . . . . . . . 14,266 12,873

Income from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,170 6,502

Interest expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (224) (239)

Interest income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125 173

Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 560 553

Income before income taxes . . . . . . . . . . . . . . . . . . . . . . . 7,631 6,989

Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,973 1,347

Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,658 $ 5,642

Trend Analysis. The following data pertain to PepsiCo, Inc.: (in millions) Year 2 Year 1

Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $39,474 $35,137

Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,658 5,642

Accounts receivable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,389 3,725

Inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,290 1,926

Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,151 9,130

Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34,628 29,930

Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,753 6,860

Total long-term liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . 9,641 7,702

Total stockholders equity . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 18,000

compute the following ratios for PepsiCo for Years 1 and 2. Gross profit margin ratio Return on sales Asset turnover Return on assets Working capital Current ratio Accounts receivable turnover Inventory-on-hand period