20 1 Book Ant Using EDGAR (Electronic Data Gathering, Analysis, and Retrieval systems find the annual report 00-K) for Coca-Cola and PepsiCo for the year ended December 2019. Locate the "Consolidated Statements of Income Oncome 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 burnover 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 f Complete this question by entering your answers in the tabs below. Required 11 Required 2 References For each company, calculate the gross profit ratio, inventory turnover ratio, and average days in inventory. (Use 365 days Enter your answers in millions. Do not round your Intermediate calculations. Round your answers to 2 decimal places.) Coca-Cola Gross Profit Ratin Numerator/Denominator Amounts Inventory Turnover Ratio Numerator/Denominator Amounts Coca-Cola times PepsiCo Average Days In Inventory Numerator/Denominator Amounts Coca-Cola days PepsiCo days