The annual reports of the Coca-Cola Co. and PepsiCo Inc. indicate the following for the year ended December 31, 2017 (amounts in millions): Net revenues Net income Total assets, January 1, 2017 Total liabilities, January 1, 2017 Total liabilities, December 31, 2017 Total stockholders' equity, December 31, 2017 Coca-Cola Co. $35,410 1,283 87,270 64,050 68,919 18,977 PepsiCo Inc. $63,525 4,908 73,490 62,291 68,823 10,981 Required: a. Calculate ROI and ROE for each company for 2017. (Hint. You will need to calculate some of the numbers used in the denominator of these ratios.) (Enter your answers as a percentage rounded to 1 decimal place (i.e., 32.1).) Coca Cola PepsiCo % ROI % ROE % % b. Based on the results of your ROI and ROE analysis in part 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.) Yes No c. Calculate the debt ratio and debt/equity ratio for each firm at the end of 2017. (Enter your answers as a percentage rounded to 1 decimal place (i.e., 32.1).) Coca Cola PepsiCo % Debt ratio % Debt/Equity ratio % : %