Current Attempt in Progress The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online. Click here to view Appendix C Click here to view Appendix D (a1) Use the companies' financial information and compute the debt to assets and the times interest earned ratios for these two companies. (Round debt to asset ratio to 1 decimal place, e.g. 12.1% and times interest earned ratio to 2 decimal places, 15.20) Debt to asset ratio Times interest earned ratio Coca-Cola Company % times PepsiCo, Inc. % times The Coes Cola Company is the world's largest beverage company. I still beverages such as waters, enhanced waters, jis d juice drinks, re the United States since 1886, are now available in more than 200 es drink teas and codes and scrgy and sports drinks, Fidesse tearing Coltrademarks, d THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME Year Ended December 31, (In millions except per share data) NET OPERATING REVENUES Cost of goods sold GROSS PROFIT Selling, general and administrative expenses Other operating charges OPERATING INCOME Interest income Interest expense Equity income (loss)-net Other income (loss)-net INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Income taxes from continuing operations NET INCOME FROM CONTINUING OPERATIONS Income from discontinued operations (net of income taxes of $47, 50 and 50, respectively)) CONSOLIDATED NET INCOME Less: Net income attributable to noncontrolling interests NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY Basic net income per share from continuing operations Basie net income per share from discontinued operations BASIC NET INCOME PER SHARE Diluted net income per share from continuing operations! Diluted net income per share from discontinued operations DILUTED NET INCOME PER SHARE AVERAGE SHARES OUTSTANDING-BASIC Effect of dilutive securities AVERAGE SHARES OUTSTANDING DILUTED sprations attributable to monocotrolling interests +35-419 ALMS 1 AUM 3,154 35394 15437 3.137 1399 LMT 7301 KTV 177 6p NO 841 733 y 107 935 the (1666) RAY 1586 3.239 1,183 73M 101 1,283 6550 136 35 23 " $ 55297 7354 . 1.00 0.02 . 0.29 1.51 $ 100 . 0.37 149 B LAT 0.02 . 0.29 . $ 160 4.272 32 4317 50 4352 53 4324 437 4405 Pepsico, Inc. is a leading global food and beverage company with a complementary portfolio of enjoyable brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicans. Theugh its operations, authorized bottlers, contract manufacturers, and other third parties, PepsiCo makes, markets, distributes, and sells a wide variety of convenient and enjoyable beverages, foods, and snacks, serving customers and consumers in more than 200 countries and territories Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 27, 2017, December all, anso and December 29, 2015 (in millions except per share amounts) Net Revenue i 2017 63.55 $ 2015 60.799 Cost of sales 8.785 3,200 Gross profit 34.740 34.590 34.325 Selling, general and administrative expenses 24.231 24,805 24,613 Venezuela impairment charges Operating Profit 10,500 9.785 8353 Interest expense (1.151) (1342) (970) Interest income and other 244 110 Income before income taxes. 9,602 8.553 7442 Provision for income taxes (See Note 5) 4.094 2.174 THA Net income 4.908 6379 5500 Less: Net income attributable to noncontrolling interests - 51 50 49 Net Income Attributable to PepsiCo 4.857 63295 5453 Net Income Attributable to PepsiCo per Common Share Basic 8 3-40 $ 439 $ 37 Diluted. 8 3-38 8 436 $ 307 Weighted average common shares outstanding 1.425 Basic 1439 149 1,438 1452 1.485 Diluted Cash dividends declared per common share 8 3-105 5 2.96 $ 2.7605 Consolidated Statement of Comprehensive Income PepsiCo, Inc. and Subsidiaries Desember 91-2016 and December 26, 2015