PepsiCo, lnc.'s financial statements are presented in Appendix B. Financial statements of The Coca-Cola Company are presented
Question:
PepsiCo, lnc.'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 2019.
2. Gross profit rate for 2019.
3. Operating income for 2019.
4. Percentage change in operating income from 2018 to 2019.
b. What conclusions concerning the relative profitability of the two companies can you draw from these data?
Step by Step Answer:
Solution 1 Gross profit for 2019 10559 billion 2 Gross profit rate for 2019 100 3 Oper...View the full answer
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
