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).

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 Total assets Total liabilities Income taxes Interest expense Net cash provided by operating activities Capital expenditures Cash dividends Coca-Cola $17.551 13,721 30.990 11,088 6,824 3,424 2.271 44.595 22.636 13,355 21.960 48,671 23.872 2,040 355 8,186 1.993 3.800 PepsiCo $12,571 8.756 43,232 20,099 5.946 4,654 2,570 37,921 14,556 8.772 23,466 39.848 23,044 2.100 397 6,796 2,128 2.732 Compute the following liquidity ratios for Coca-Cola and for PepsiCo(Round current ratio to 2 decimal places, s. 6.25 and all other answers to 1 decimal place, 63. 15.1. Use 365 days for calculation) Coca-Cola PepsiCo (1) Current ratio :1 12 times times Accounts receivable turnover days (3) days times 14) Average collection period Inventory turnover Days in inventory times days (5) days Which company is more liquid? (b) Compute the following solvency ratios for the two companies. (Round times interest earned to 1 decimal place, ez 15.2 and percentages to O decimal places, eg. 15%) Coca-Cola PepsiCo 96 Debt to assets ratio Times interest earned 123 times times (3) Free cash flow $ $ Compute the following proffability ratios for the two companies. (Round percentages to 1 decimal place, 63. 15.2% and all other answers to 2 decimal places, es, 15.25) Coca-Cola PepsiCo Profit margin 123) Asset turnover times times (3) Return on assets Return on common stockholders'equity 4) Which company has lower prontmargin? Which company has a higher profitability overall