Expand Your Critical Thinking 9-3 The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the world. Suppose selected data from recent consolidated financial statements for The Coca-Cola Company and for PepsiCo, Inc. are presented here (in millions). Total current assets Total current liabilities Net sales Cost of goods sold Net income Average (net) accounts receivable for the year Average inventories for the year Average total assets Average common stockholders' equity Average current liabilities Average total liabilities Total assets Total liabilities Coca-Cola $17,551 13,721 30,990 11,088 6,824 3,424 2,271 44,595 22,636 13,355 21,960 48,671 23,872 2,040 355 8,186 1,993 3,800 PepsiCo $12,571 8,756 43,232 20,099 5,946 4,654 2,570 37,921 14,556 8,772 23,466 39,848 23,044 2,100 Income taxes 397 Interest expense Net cash provided by operating activities Capital expenditures Cash dividends 6,796 2,128 2,732 Compute the following liquidity ratios for Coca-Cola and for PepsiCo. (Round current ratio to 2 decimal places, e.g. 6.25 and all other answers to 1 decimal place, e.g. 15.1.) Coca-Cola PepsiCo (1) Current ratio :1 : 1 (2) Accounts receivable turnover times times (3) Average collection period days days (4) Inventory turnover times times (5) Days in inventory days days Compute the following profitability ratios for the two companies. (Round percentages to 1 decimal place, e.g. 15.2% and all other answers to 2 decimal places, e.g. 15.25.) Coca-Cola PepsiCo (1) Profit margin (2) Asset turnover (3) Return on assets (4) Return on common stockholders' equity