Compare The Coca-Cola Company with PepsiCo company.

You are expected to prepare horizontal, vertical and ratio analyses. You are expected to comment on liquidity, profitability and solvency. In addition, look for and comment on the impact of the global economic and geopolitical events on the companies' financial performance. Aspects to consider: The differences in accounting policies, e.g. accounting for inventory, cost vs revaluation model for PPE, cost vs fair value model for investment property, etc.; and accounting estimates, e.g. depreciation methods, useful lives, etc.; For a group - the number of wholly or partially owned subsidiaries, investments in associates; Investments in debt or equity instruments of other entities; The differences between the profit/loss and cash flows; Any seasonal fluctuations for either company; Any other aspects you find relevant.

Look behind the numbers in the main financial statements (Statement of Financial Position and Statement of Profit or Loss) reviewing the detailed notes to the main statements provided in the accounts. In the conclusion, please, come up also with a recommendation whether you think it would be worth to sell, hold or invest in these companies, and, provide support to your recommendations.