The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the world. Selected data from hypothetical consolidated financial statements for The Coca-Cola Company and for PepsiCo, Inc. are presented here (in millions). Coca-Cola PepsiCo Total current assets $12,896 $9,709 Total current liabilities 10,400 6,650 Net sales 23,400 32,660 Cost of goods sold 8,319 15,366 Net income 5,224 4,546 Average (net) accounts receivable for the year 2,600 3,550 Average inventories for the year 1,770 1,970 Average total assets 33,895 28,821 Average common stockholders' equity 17,236 11,056 Average current liabilities 10,155 6,672 Average total liabilities 16,660 17,866 Total assets 36,971 30,248 Total liabilities 18,172 17,544 Income taxes 1,550 1,600 Interest expense 270 302 Net cash provided by operating activities 6,186 5,196 Capital expenditures 1,515 1,628 Cash dividends 2,900 2,032