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). PepsiCo $13,665 8,816 45,254 19.988 6,562 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 Total assets Total liabilities Income taxes 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 2.100 4.714 2.630 37.981 24,616 8,832 23.528 39.90B 21.949 2.160 Interact evnence 11.188.8 19.988 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 Total assets Total liabilities Income taxes Interest expense Net cash provided by operating activities Capital expenditures Cash dividends 6,231 3,484 2,331 44,655 22.696 13,415 22,020 48,731 21,929 2,100 415 8,246 2,053 3,860 6,562 4,714 2,630 37,981 14,616 8,832 23,526 39.908 21.949 2,160 457 6,856 2.188 2,792 a 1) Compute the following liquidity ratios for the two competitors. (Round current ratio to 2 decimal places, es, 6.25 and all other answers to 1 decimal place, 28. 15.1.) Coca-Cola PepsiCo (1) 1 :1 Current ratio Accounts receivable turnover (2) times times (3) Average collection period days days times times Inventory turnover (5) Days in inventory days days