Coca-Cola Co. Pepsico Inc. $35.410 1,283 Net revenues $63,525 Net income 4,908 Total assets, January 1, 2017 87,270 73,490 Total liabilities, January 1, 2017 64,050 62,291 Total liabilities, December 31, 2017 68,919 68,823 Total stockholders' equity, December 31, 2017 18,977 10,981 Required: a. Calculate ROI and ROE for each company for 2017. (Hint: You will need to calculate some of the numbers used in the denominator of these ratios.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

How do you calculate average total assets when your annual report only shows the beginning of the year assets? I need average total assets to calculate ROI. 

Coca-Cola Co.
Pepsico Inc.
$35.410
1,283
Net revenues
$63,525
Net income
4,908
Total assets, January 1, 2017
87,270
73,490
Total liabilities, January 1, 2017
64,050
62,291
Total liabilities, December 31, 2017
68,919
68,823
Total stockholders' equity, December 31, 2017
18,977
10,981
Required:
a. Calculate ROI and ROE for each company for 2017. (Hint: You will need to calculate some of the numbers used in the
denominator of these ratios.)
Transcribed Image Text:Coca-Cola Co. Pepsico Inc. $35.410 1,283 Net revenues $63,525 Net income 4,908 Total assets, January 1, 2017 87,270 73,490 Total liabilities, January 1, 2017 64,050 62,291 Total liabilities, December 31, 2017 68,919 68,823 Total stockholders' equity, December 31, 2017 18,977 10,981 Required: a. Calculate ROI and ROE for each company for 2017. (Hint: You will need to calculate some of the numbers used in the denominator of these ratios.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 4 images

Blurred answer
Knowledge Booster
Accounting for Merchandise Inventory
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education