Long time competitors in the soft drink industry, PepsiCo and Coca-Cola

Long time competitors in the soft drink industry, PepsiCo and Coca-Cola continue efforts to gain additional market share. Which do you prefer, Coke or Pepsi? Lets take a look at these two companies from a financial perspective rather than our drink preference.
1. Provide a short background on each company, the industry and the market (growing, declining, etc?) in which they operate. (This should be no more than 1- 1.5 pages for both companies in total and can be a part of your introduction.)
2. Using the current ratio, discuss what conclusions you can make about each companys ability to pay current liabilities (debt). Support your conclusions. Which company is doing better, why or why not?(This should be no more than 1.5-2 pages for both companies in total)