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Select data from the financial statements of Coke and Pepsi are presented below. ($ Millions) Coke Pepsi Total liabilities, 2020 $ 66,012 $ 79,366
Select data from the financial statements of Coke and Pepsi are presented below. ($ Millions) Coke Pepsi Total liabilities, 2020 $ 66,012 $ 79,366 Total current liabilities, 2020 $ 14,601 $ 23,372 Total liabilities, 2019 $ 65,283 $ 63,679 Total current liabilities, 2019 $ 26,973 $ 20,461 Total assets, 2020 $ 87,296 $ 92,918 Total current assets, 2020 $ 19,240 $ 23,001 Total assets, 2019 $ 86,381 $ 78,547 Total current assets, 2019 $ 20,411 $ 17,645 Revenue, 2020 $ 33,014 $ 70,372 Net income, 2020 $ 7,747 $ 7,120 Requirements (show your formulas and calculations): a.) Compute the return on equity ratio for Coke and Pepsi for 2020. Which Company earned the higher return for its shareholders? Does that surprise you and why?
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