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

Short Answer

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