Which company is more profitable? More liquid? More solvent? How did you come to this conclusion?

What is the P/E ratio for the two companies? What did the P/E ratio tell you about these two companies?

1 Coca Cola Inc. 12 Months Ended Dec. 28, 2019 CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions Common Size % Nm + LO 1 Pepsico Inc. 2. Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions 3 4 Income Statement [Abstract] 5 Net Revenue 6 Cost of sales 7 Gross profit 8 Selling, general and administrative expenses 9 Operating Profit 10 Other pension and retiree medical benefits (expense)/income 11 Interest expense 12 Interest income and other 13 Income before income taxes 14 Provision for/(benefit from) income taxes (See Note 5) 15 Net income 16 Less: Net income attributable to noncontrolling interests 17 18 Net Income Attributable to PepsiCo 19 Net Income Attributable to PepsiCo per Common Share 20 Basic 21 Diluted 22 Weighted average common shares outstanding 23 Basic 24 Diluted $ 67,161 30,132 37,029 26,738 10,291 (44) (1,135) 200 9,312 1,959 7,353 100.0% 44.9% 55.1% 39.8% 15.3% -0.1% -1.7% 0.3% 13.9% 2.9% 10.9% 4 Revenues 5 Cost of Goods and Services Sold 6 GROSS PROFIT 7 Selling, General and Administrative Expense 8 Other Cost and Expense, Operating 9 OPERATING INCOME 10 Interest income 11 Interest expense 12 Equity income (loss) - net 13 Other income (loss) - net 14 INCOME BEFORE INCOME TAXES 15 Income taxes 16 CONSOLIDATED NET INCOME 12 Months Ended Dec. 31, 2019 $ 37,266 14,619 22,647 12,103 458 10,086 563 946 1,049 34 10,786 1,801 8,985 Common Size % 100.0% 39.2% 60.8% 32.5% 1.2% 27.1% 1.5% 2.5% 2.8% 0.1% 28.9% 4.8% 24.1% 39 0.1% 17 $ 7,314 $ 5.23 $ 5.20 18 Net Income (Loss) Attributable to Noncontrolling Interest 19 NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY 20 BASIC NET INCOME PER SHARE (in dollars per share) 21 DILUTED NET INCOME PER SHARE (in dollars per share) 22 AVERAGE SHARES OUTSTANDING (in shares) 23 Effect of dilutive securities (in shares) 24 AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) 65 $ 8,920 $ 2.09 $ 2.07 4,276 38 4,314 1,399 1,407 Dec. 28, 2019 Cammon Szex Dec 31, 2019 Common Size $ 5,509 229 7.0% 0.3% 0.00 3,872 3,13 747 17,645 19,305 1,133 15,501 14,610 30,111 2,683 4,359 3,011 78.547 10.09 4.3% 1.0% 22.5% 24.6% 1.8% 19.7% 18.6% 38.3% 3.4% 5.5% 3.8% 100.0% 1 Pepsico Inc. 2 Consolidated Balance Sheet - USD ($) Sin Millions 3 ASSETS 4 Cash and cash equivalents 5 Short term Investments 6 Restricted Cash Accounts and notes receivable, net & Inventories 9 Prepaid expenses and other current assets 10 Assets, Current 11. Property. Plant and Equipment, net 12 Amortizable Intangible Assets, net 13 Goodwill 14 Indelinite-lived Intangible Assets Excluding Goodwill 15 Intelinite-Lived Intangible Assets 16 Equity Method Investments 17 Delerred Income Tax Assels, Nel 18 Other Assets 19 Total Assets 20 LABILITIES AND EQUITY 21 Storlelerin dubl obligations 22 Accounts payable and other current liabilities 23 Labilities, Current 24 Long-Term Debt Obligations 25 Delerred Income Tax Liabilities, Net 26 Other Liabilities, Noncurrent 27 Liabilities 26 Commitments and contingencies 29 PepsiCo Common Shareholders' Equity Common stock, par value 12/24 per share authorized 2,600 shares, issued, nct of repurchased 30 comman stack at par value: 1,391 shares) 31 Additional Paid in Capital, Common Stock 32 Retained Earnings Accumulated Deficit) 32 Accumulated Other Comprehensive Income (Loss). Net of Tax 34 Treasury Stack, Value 35 Stackholders Equity Attributable to Parent 36 Stockholders Equity Attributable ta Noncontrolling Interest 37 Total Equity 3. Labilities and Equity 39 1 Coca Cola Inc. 2 CONSOLIDATED BALANCE SHEETS- USD ($) $ in Millions 3 CURRENT ASSETS 4 cash and cash equivalents 5 short-term investments 6 TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 7 Marketable securities 8 Trade accounts receivable, less allowances of $524 9 Inventories 10 Prepaid expenses and other assets 11 TOTAL CURRENT ASSETS 12 EQUITY METHOD INVESTIMENTS 13 OTHER INVESTMENTS 14 OTHER ASSETS 15 Deferred Tax Assets, Net, Noncurrent 18 PROPERTY, PLANT AND EQUIPMENT - net 17 TRADEMARKS WITH INDEFINITE LIVES 19 BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES 19 GOODWILL 20 OTHER INTANGIBLE ASSETS 21 TOTAL ASSETS 22 CURRENT LIABILITIES 22 Accounts payable and accrued axpen 24 Notas and Loans Payable, Current 25. Current maturities of lang term debt 26 Accrund income taxes 22 TOTAL CURRENT LIABILITIES 29 LONG TERM DERY 29 OTHER LIABILITIES 30 DEFERRED INCOME TAXES 31 THE COCA-COLA COMPANY SHAREOWNERS' EQUITY 52 Comman stock, $0.25 par value; authorized - 11,200 shares; issued - 7,040 shares 33 Capital surplus 34 Reinvested earnings 55 Accumulated other comprehensive income (loss) 36 Treasury stock at cost -2,760 shares 37 EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY 38 EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS 39 TOTAL EQUITY 40 TOTAL LIABILITIES AND EQUITY $ 6,480 1,467 7.947 3,228 3,971 3.379 1.885 20,411 19,025 854 6,075 2,412 10,938 9,268 109 16,764 627 86,381 7.54 1.78 9.28 3.7% 4.6% 3.9% 2.2% 23.6% 22.09 1.0% 7.0% 2.8% 12.5% 10.7% 0.1% 19.4% 0.7% 100.0 2,920 17,541 20,461 29,140 4,091 9,979 63,679 3.7% 22.3% 26.0% 37.1% 5.2% 12.7% 21.1% 11,312 10,994 4,253 414 26,973 27,516 8,510 2,284 13.1% 12.79 4.9% D.SI 31.2% 31.0 9.04 2.6% 23 3.686 61,946 (14,200) (36,769) 14,786 82 14,869 78,547 0.0% 4.995 78.9% -18.2% -46.8% 18.8% 0.1% 18.9% 100.0% 1,760 17.154 65,855 (13.544) (52.244 18,981 2.117 21,098 $ 86,381 2.046 19.9% 76.28 -15.78 -50.5% 22.096 2.5% 24.4% 100.0 1 Coca Cola Dec. 29, 2018 Dec. 31, 2019 Dec. 31, 2018 Dec. 28, 2019 138 55 1 Pepsico 2 3 Market price of common stock on balance sheet date 4 Accounts and notes receivable, net 5 Inventories 6 Total Fixed Assets 7 Total Assets 8 Total Common Stockholders' Equity 7,142 3,128 17,589 77,648 14,602 2 3 Market price of common stock on balance sheet date 4 Trade accounts receivable 5 Inventories 6 Total fixed assets 7 Total assets 8 Total common stockholders' equity 9 3,685 3,071 9,598 83,216 19,058