View the 2015 Annual Reports for the Coca-Cola Company and PepsiCo, Inc. (Download the PDFs of the Annual Form 10-K reports). Using these reports, answer the following questions What were the cash and cash equivalents reported by Coca-Cola and PepsiCo at the end of 2015?

What does each company classify as cash equivalents?

What were the accounts receivable (net) for Coca-Cola and PepsiCo at the end of 2015? Which company reports the greater allowance for doubtful accounts receivable (amount and percentage of gross receivable) at the end of 2015?

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?

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