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.