PepsiCo's financial statements are presented in Appendix B. Financial statements of The Coca-Cola Company are presented in
Question:
PepsiCo's financial statements are presented in Appendix B. Financial statements of The Coca-Cola Company are presented in Appendix C. The complete annual reports of PepsiCo and Coca-Cola, including the notes to the financial statements, are available at each company’s respective website.
Instructions
a. Based on the information contained in these financial statements, determine each of the following for each company.
1. Gross profit for 2015.
2. Gross profit rate for 2015.
3. Operating income for 2015.
4. Percentage change in operating income from 2014 to 2015.
b. What conclusions concerning the relative profitability of the two companies can you draw from these data?
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Step by Step Answer:
Financial and Managerial Accounting
ISBN: 978-1119392132
3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso