Discuss the efficiency of working capital management of Pepsi in comparison to its Coca Cola over time.

	Pepsi	Coca-Cola	Pepsi	Coca-Cola	Pepsi	Coca-Cola
	2019	2019	2018	2018	2017	2017
Net Receivables	$7,822,000.00	$3,971,000.00	$7,142,000.00	$3,396,000.00	$7,024,000.00	$3,667,000.00
Inventory	$3,338,000.00	$3,379,000.00	$3,128,000.00	$2,766,000.00	$2,947,000.00	$2,655,000.00
Accounts Payable	$8,013,000.00	$4,660,000.00	$7,213,000.00	$3,191,000.00	$6,727,000.00	$3,045,000.00
Total Revenue	$67,161,000.00	$37,266,000.00	$64,661,000.00	$31,856,000.00	$63,525,000.00	$35,410,000.00
Cost of Revenue	$30,132,000.00	$14,619,000.00	$29,381,000.00	$11,770,000.00	$28,785,000.00	$13,256,000.00
Inventory Turnover Ratio = Cost of Revenue/Inventory	9.026962253	4.326427937	9.392902813	4.255242227	9.767560231	4.992843691
Receivables Turnover Ratio = Total Revenue/Net Receivables	8.586167221	9.3845379	9.053626435	9.380447585	9.043992027	9.656394873
Payables Turnover Ratio = Cost of Revenue / Accounts Payable	3.760389367	3.137124464	4.073339803	3.688498903	4.279024825	4.353366174
Cash Conversion Ratio = Inventory Conversion	-14.11975809	6.910385956	-10.43259543	25.73102912	-7.572930034	27.06025216