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The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the world. Suppose selected data from recent consolidated financial statements for The Coca-Cola
The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the world. Suppose selected data from recent consolidated financial statements for The Coca-Cola Company and for PepsiCo, Inc. are presented here (in millions).
Coca-Cola | PepsiCo | |||||||
Total current assets | $17,551 | $12,571 | ||||||
Total current liabilities | 13,721 | 8,756 | ||||||
Net sales | 30,990 | 43,232 | ||||||
Cost of goods sold | 11,088 | 20,099 | ||||||
Net income | 6,824 | 5,946 | ||||||
Average (net) accounts receivable for the year | 3,424 | 4,654 | ||||||
Average inventories for the year | 2,271 | 2,570 | ||||||
Average total assets | 44,595 | 37,921 | ||||||
Average common stockholders equity | 22,636 | 14,556 | ||||||
Average current liabilities | 13,355 | 8,772 | ||||||
Average total liabilities | 21,960 | 23,466 | ||||||
Total assets | 48,671 | 39,848 | ||||||
Total liabilities | 23,872 | 23,044 | ||||||
Income taxes | 2,040 | 2,100 | ||||||
Interest expense | 355 | 397 | ||||||
Net cash provided by operating activities | 8,186 | 6,796 | ||||||
Capital expenditures | 1,993 | 2,128 | ||||||
Cash dividends | 3,800 | 2,732 |
(a1)
Compute the following liquidity ratios for Coca-Cola and for PepsiCo. (Round current ratio to 2 decimal places, e.g. 6.25 and all other answers to 1 decimal place, e.g. 15.1.)
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