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 hese ratios.) (Enter your answers as a percentage rounded to 1 decimal place (i.e., 32.1).) Coca Cola PepsiCo % % ROI ROE % % o. Based on the results of your ROI and ROE analysis in part a, do you believe that either firm uses financial leverage more effectively han the other? (Hint: Compare the percentage differences between ROI and ROE for each firm.) O Yes 2. 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 lecimal place (i.e., 32.1).) PepsiCo Coca Cola % Debt ratio