Coca-Cola and PepsiCo both produce and market beverages that are direct competitors. Key financialfigures for these businesses for a recent year follow.Key Figures ($ millions)     Coca-Cola       PepsiCoSales . $46,542      $66,504Net income . 8,634     6,462Average assets . . . . . . . . . . . . . . . . . . . . 76,448     70,518Required Which company is more successful in returning net income from its assets invested?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 Which company is more successful in returning net income from its assets invested?

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