FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Coca-Cola and PepsiCo both produce and market beverages that are direct competitors. Key financial
figures for these businesses for a recent year follow.
Key Figures ($ millions) Coca-Cola PepsiCo
Sales . $46,542 $66,504
Net income . 8,634 6,462
Average assets . . . . . . . . . . . . . . . . . . . . 76,448 70,518
Required Compute return on assets for (a) Coca-Cola and (b) PepsiCo.
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