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). Total current assets Total current liabilities Net sales Cost of goods sold Net income Average (net) accounts receivable for the year Average inventories for the year Average total assets Average common stockholders' equity Average current liabilities Average total liabilities Coca-Cola $16,537.2 13,781 31,008 11.188.8 6,231 3,484 2,331 44,655 22.696 13.415 22.020 48,731 21.929 PepsiCo $13,665 8,816 45,254 19,988 6,562 4.714 2,630 37.981 14,616 8,832 23.526 39.908 21.949 Total assets Total liabilities Average total assets Average common stockholders' equity Average current liabilities Average total liabilities Total assets Total liabilities Income taxes Interest expense Net cash provided by operating activities Capital expenditures Cash dividends 44,655 22,696 13,415 22,020 48,731 21,929 2,100 415 8,246 2,053 3,860 37,981 14,616 8,832 23,526 39,908 21,949 2,160 457 6,856 2,188 2,792 Coca-Cola PepsiCo 1) Current ratio 1.2 :1 1.5 :1 2) Accounts receivable turnover 8.9 times 9.6 times (3) 41 days 38 days Average collection period Inventory turnover 4) 4.8 times 7.6 times (5) Days in inventory 76 days 48 days Compute the following solvency ratios for the two competitors. (Round times interest earned to 1 decimal place, e.g. 15. answers to decimal places, eg. 15.) Coca-Cola PepsiCo (1) Debt to assets ratio % % (2) Times interest earned times times (3) Free cash flow $ $