Question 3 on the attached sheeta. Calculate the cash conversion cycle, and interpret the

numbers

INCOME STATEMENT

COCA-COLA

PEPSI

Sales

23,104

32,562

Cost of goods sold

8,195

14,176

BALANCE SHEET

COCA-COLA

PEPSI

Assets

Cash and Cash Equivalents

4,701

1,716

Short-term Investments

66

3,166

Accounts Receivables

2,281

3,261

Inventory

1,424

1,693

Other Current Assets

1,778

618

Total Current Assets

10,250

10,454

Total Assets

29,427

31,727

Financed by:

COCA-COLA

PEPSI

Accounts Payable

5,290

5,357

Short-term debt

4,546

2,889

Other Current Liabilities

0

1,160

Total Current Liabilities

9,836

9,406