Using the profitability and operating performance ratios, discuss what conclusions you can make about each company's profits over the past three years. Support your conclusions. Which company is doing better, why or why not?

Average current ratio 1.04 Profitiablity ratio: 4) Operating performance ratio: Fixed Asset turnover ratio - Net Sales/ Average Fixed Asset Return on Asset = Profit/ Total Asset Feturn on Equity = Profit/ Equity Pepsi 2020 2019 2018 Net Sales 70372 67161 64661 Pepsi 2020 2019 2018 Average Fixed Asset: Profit 7120 7314 12515 Opening Fixed Asset (1/1/2020) 60902 55755 48777 otal Asset 92918 78547 77648 Closing Fixed Asset (12/31/2020) 69917 60902 55755 Equity 13552 14868 14518 Average Fixed Asset 65409.5 58328.5 52266 Average erage Return on Asset 8% 9% 16% 11% Fixed asset turover ratio: 1.08 1.15 1.24 1.15 leturn on Equity 53% 49% 86% 63% Anything below 15% is bad Co o Cola 8920 6434