The Following Information Is Available for Coca-Cola and PepsiCo Required:
Compute the Fixed Asset Turnover Ratio for Both Coca

question 89

Essay

The following information is available for Coca-Cola and PepsiCo: $$\begin{array} { l r r } & \text { Coca-Cola } & \text { PepsiCo } \\\text { Net fixed assets (beginning of year) } & \$ 4,168 & \$ 5,266 \\\text { Net fixed assets (end of year) } & 4,435 & 5,438 \\\text { Net sales for the year } & 19,889 & 20,438 \\\text { Net income for the year } & 2,177 & 2,183\end{array}$$ Required:
Compute the fixed asset turnover ratio for both Coca Cola and PepsiCo. Round your answers to two decimal places.

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Online retailing, where sellers promote and sell products and services to consumers over the internet.

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Electronic tools and gadgets, such as smartphones and tablets, that store, process, or transmit digital information.

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