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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:

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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 financiai leverage more effectively than the other? (Hint. Compare the percentage differences between ROI and ROE for each firm) c. Calculate the debt ratio and debtlequity ratio for each firm at the end of 2020 . Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. 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,,32.1). b. Based on the results of your ROI and ROE analysis in requirement a, do you believe that either firm uses financial lever 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 (1,e,32,1)

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