The annual reports of the Coca$-$Cola Company and PepsiCo Incorporated indicate the following for the year ended December $31,$

$2020($amounts in millions$)$:

Required:

a$.$ Calculate ROI and ROE for each company for $2020.($Hint$.$ You will need to calculate some of the numbers used in the denominator

of these ratios.$)$

b$.$ Based on the results of your ROI and ROE analysis in requirement $a,$ do you believe that either firm uses financial leverage more

effectively than the other? $($Hint$.$ Compare the percentage differences between ROI and ROE for each firm.$)$

c$.$ Calculate the debt ratio and debt$/$equity ratio for each firm at the end of $2020.$

Complete this question by entering your answers in the tabs below.

Based on the results of your ROI and ROE analysis in requirement $a,$ do you believe that either firm uses financial leverage

more effectively than the other? $($Hint: Compare the percentage differences between ROI and ROE for each firm.$)$ The annual reports of the Coca$-$Cola Company and PepsiCo Incorporated indicate the following for the year ended December $31,$

$2020($amounts in millions$)$:

Required:

a$.$ Calculate ROI and ROE for each company for $2020.($Hint$.$ You will need to calculate some of the numbers used in the denominator

of these ratios.$)$

b$.$ Based on the results of your ROI and ROE analysis in requirement $a,$ do you believe that either firm uses financial leverage more

effectively than the other? $($Hint$.$ Compare the percentage differences between ROI and ROE for each firm.$)$

c$.$ Calculate the debt ratio and debt$/$equity ratio for each firm at the end of $2020.$

Complete this question by entering your answers in the tabs below.

Calculate the debt ratio and debt$/$equity ratio for each firm at the end of $2020.$

Note: Enter your answers as a percentage rounded to $1$ decimal place $($i$.$e$.,32\mathrm{.}1).$The annual reports of the Coca$-$Cola Company and PepsiCo Incorporated indicate the following for the year ended December $31,$

$2020($amounts in millions$)$:

Required:

a$.$ Calculate ROI and ROE for each company for $2020.($Hint$.$ You will need to calculate some of the numbers used in the denominator

of these ratios.$)$

b$.$ Based on the results of your ROI and ROE analysis in requirement $a,$ do you believe that either firm uses financial leverage more

effectively than the other? $($Hint$.$ Compare the percentage differences between ROI and ROE for each firm.$)$

c$.$ Calculate the debt ratio and debt$/$equity ratio for each firm at the end of $2020.$

Complete this question by entering your answers in the tabs below.

Required A

Calculate ROI and ROE for each company for $2020.($Hint: You will need to calculate some of the numbers used in the

denominator of these ratios.$)$

Note: Enter your answers as a percentage rounded to $1$ decimal place $($i$.$e$.,32\mathrm{.}1).$