View the 2015 Annual Reports for the Coca-Cola Company ( http://www.coca-colacompany.com/content/dam/journey/us/en/private/fileassets/pdf/investors/2015-annual-report-on-form-10-k.pdf and PepsiCo, Inc. ( http://www.pepsico.com/docs/album/annual-reports/pepsico-2015-annual-report_final_s57dqszgmy22ggn.pdf?sfvrsn=0 )Using these reports, answer the following questions:

a) What is the amount of inventory reported by Coca-Cola at the end of 2015? What percent of total assets does each company invest in inventory?

b) What inventory costing methods do Coca-Cola and PepsiCo use? How does each company value its inventories?

c) Compute and compare the inventory turnover ratios and days to sell inventory for Coca-Cola and PepsiCo for 2015. Indicate why there might be a significant difference between the two companies.