The annual reports of the Coca-Cola Company and PepsiCo Incorporated indicate the following for the year ended December 31, 2020 (amounts in millions): Net revenues Net income Total assets, January 1, 2020 Total liabilities, January 1, 2020 Total liabilities, December 31, 2020 Total equity, December 31, 2020 Required: Coca-Cola Company $33,014 PepsiCo Incorporated $ 70,372 7,747 7,120 56,361 78,547 65,283 63,679 66,012 79,366 21,284 13,552 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 Required Required C Show less & 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 (ie., 32.1). Coca Cola PepsiCo ROI ROE % % % Required >