Question 3 of 3 5/15 == The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the world. Selected data from hypothetical consolidated financial statements for The Coca-Cola Company and for PepsiCo, Inc. are presented here (in millions). Coca-Cola PepsiCo Total current assets $19,737 $14,308 Total current liabilities 15,300 9,800 Net sales 34,580 48,300 Cost of goods sold 14,135 22,386 Net income 7,624 6,646 Average (net) accounts receivable for the year 3,800 5,250 Average inventories for the year 2,570 2,870 Average total assets 49,995 42,521 Average common stockholders' equity 25,336 16.256 Average current liabilities 14,955 9,872 Average total liabilities 24,560 26,266 54,471 44,648 Total assets 26.772 25,844 Total liabilities 2.280 2,400 Income taxes 400 445 Interest expense Net cash provided by operating activities 9,186 7,596 2,232 2,428 Capital expenditures 4,300 3,032 Cash dividends H (b) Compute the following solvency ratios for the two companies. (Round times interest earned to 1 decimal place, e.g. 15.2 and percentages to O decimal places, e.g. 15%.) 1. Debt to assets ratio 2. Times interest earned 3. Free cash flow Which company is more solvent? +A $ Coca-Cola PepsiCo 49 % times 58 % times