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Using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system), find the annual report (10-K) for Coca-Cola and PepsiCo fo the year ended December 2019. Locate the "Consolidated Statements of Income" (income statement) and "Consolidated Balance Sheets." You may also find the annual reports at the companies' websites. Required: 1. For each company, calculate the gross profit ratio, inventory turnover ratio, and average days in inventory. 2. Compare the management of each company's investment in inventory. Which company is more profitable and which company sells its inventory more quickly based on the ratios calculated in Requirement 1?

Using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system), find the annual report (10-K) for Coca-Cola and PepsiCo fo the year ended December 2019. Locate the "Consolidated Statements of Income" (income statement) and "Consolidated Balance Sheets." You may also find the annual reports at the companies' websites. Required: 1. For each company, calculate the gross profit ratio, inventory turnover ratio, and average days in inventory. 2. Compare the management of each company's investment in inventory. Which company is more profitable and which company sells its inventory more quickly based on the ratios calculated in Requirement 1?

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter10: Inventory
Section: Chapter Questions
Problem 6TP: Use a spreadsheet and the following excerpts from Hileah Companys financial information to build a...
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Using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system), find the annual report (10-K) for Coca-Cola and PepsiCo fo the year ended December 2019. Locate the "Consolidated Statements of Income" (income statement) and "Consolidated Balance Sheets." You may also find the annual reports at the companies' websites. Required:

1. For each company, calculate the gross profit ratio, inventory turnover ratio, and average days in inventory.
2. Compare the management of each company's investment in inventory. Which company is more profitable and which company sells its inventory more quickly based on the ratios calculated in Requirement 1?

 
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