Use the companies financial information to answer the following questions. What is the amount of inventory reported by Coca-Cola at December 31, 2017, and by PepsiCo at December 31, 2017? What percent of total assets is invested in inventory by each company? (Enter inventory answers in millions. Round percentage of total assets to 1 decimal place, e.g. 52.5%.)

Compute and compare the inventory turnovers and days to sell inventory for Coca-Cola and PepsiCo for 2017. (Round inventory turnover ratio to 1 decimal place, e.g. 52.5 and days to sell inventory to 0 decimal places, e.g. 65.)

ASSETS
Current Assets
Cash and cash equivalents	$10,610	$9,158
Shortterm investments	8,900	6,967
Accounts and notes receivable, net	7,024	6,694
Inventories	2,947	2,723
Prepaid expenses and other current assets	1,546	908
Total Current Assets	31,027	26,450
Property, Plant and Equipment, net	17,240	16,591
Amortizable Intangible Assets, net	1,268	1,237
Goodwill	14,744	14,430
Other nonamortizable intangible assets	12,570	12,196
Nonamortizable Intangible Assets	27,314	26,626
Investments in Noncontrolled Affiliates	2,042	1,950
Other Assets	913	636
Total Assets	$79,804	$73,490
LIABILITIES AND EQUITY
Current Liabilities
Shortterm debt obligations	$5,485	$6,892
Accounts payable and other current liabilities	15,017	14,243
Total Current Liabilities	20,502	21,135
LongTerm Debt Obligations	33,796	30,053
Other Liabilities	11,283	6,669
Deferred Income Taxes	3,242	4,434
Total Liabilities	68,823	62,291
Commitments and contingencies
Preferred Stock, no par value	41	41
Repurchased Preferred Stock	(197)	(192)
PepsiCo Common Shareholders' Equity
Common stock, par value 1 per share (authorized 3,600 shares, issued, net of repurchased common stock at par value: 1,420 and 1,428 shares, respectively)	24	24
Capital in excess of par value	3,996	4,091
Retained earnings	52,839	52,518
Accumulated other comprehensive loss	(13,057)	(13,919)
Repurchased common stock, in excess of par value (446 and 438 shares, respectively)	(32,757)	(31,468)
Total PepsiCo Common Shareholders' Equity	11,045	11,246
Noncontrolling interests	92	104
Total Equity	10,981	11,199
Total Liabilities and Equity	$79,804	$73,490

THE COCA-COLA COMPANY AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

December 31,	2017	2016
(In millions except par value)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$6,006	$8,555
Short-term investments	9,352	9,595
TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS	15,358	18,150
Marketable securities	5,317	4,051
Trade accounts receivable, less allowances of $477 and $466, respectively	3,667	3,856
Inventories	2,655	2,675
Prepaid expenses and other assets	2,000	2,481
Assets held for sale	219	2,797
Assets held for sale discontinued operations	7,329
TOTAL CURRENT ASSETS	36,545	34,010
EQUITY METHOD INVESTMENTS	20,856	16,260
OTHER INVESTMENTS	1,096	989
OTHER ASSETS	4,560	4,248
PROPERTY, PLANT AND EQUIPMENT net	8,203	10,635
TRADEMARKS WITH INDEFINITE LIVES	6,729	6,097
BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES	138	3,676
GOODWILL	9,401	10,629
OTHER INTANGIBLE ASSETS	368	726
TOTAL ASSETS	$87,896	$87,270
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable and accrued expenses	$8,748	$9,490
Loans and notes payable	13,205	12,498
Current maturities of long-term debt	3,298	3,527
Accrued income taxes	410	307
Liabilities held for sale	37	710
Liabilities held for sale discontinued operations	1,496
TOTAL CURRENT LIABILITIES	27,194	26,532
LONG-TERM DEBT	31,182	29,684
OTHER LIABILITIES	8,021	4,081
DEFEREED INCOME TAXES	2,522	3,753
THE COCA-COLA COMPANY SHAREOWNERS' EQUITY
Common stock, $0.25 par value; Authorized 11,200 shares;
Issued 7,040 and 7,040 shares, respectively	1,760	1,760
Capital surplus	15,864	14,993
Reinvested earnings	60,430	65,502
Accumulated other comprehensive income (loss)	(10,305)	(11,205)
Treasury stock, at cost 2,781 and 2,752 shares, respectively	(50,677)	(47,988)
EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY	17,072	23,062
EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS	1,905	158
TOTAL EQUITY	18,977	23,220
TOTAL LIABILITIES AND EQUITY	$87,896	$87,270