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Suppose presented below is 2014 information for PepsiCo, Inc. and The Coca-Cola Company. ($ in millions) PepsiCo Coca-Cola Net cash provided by operating activities $
Suppose presented below is 2014 information for PepsiCo, Inc. and The Coca-Cola Company.
($ in millions) | PepsiCo | Coca-Cola |
Net cash provided by operating activities | $ 6,796 | $ 8,186 |
Average current liabilities | 8,772 | 13,355 |
Average total liabilities | 22,909 | 21,491 |
Net income | 5,979 | 6,906 |
Sales revenue | 43,232 | 30,990 |
Capital expenditures | 2,128 | 1,993 |
Dividends paid | 2,732 | 3,800 |
Instructions:
Using the cash-based measures presented in this chapter, compare the (a) liquidity and (b) solvency of the two companies.
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