Coca-Cola Reported Net Sales Revenues of $18

question 37

Multiple Choice

Coca-Cola reported net sales revenues of $18.8 billion and cost of goods sold of $5.6 billion, while PepsiCo reported revenues of $22.3 billion and cost of goods sold of $9.3 billion. Which of the following statements is correct?

• A) While PepsiCo generated more revenues than Coca-Cola, PepsiCo generated a lower gross profit percentage.
• B) Coca-Cola generated a lower gross profit percentage because their sales revenue was lower.
• C) PepsiCo did a better job of controlling product costs as a percentage of sales than did Coca-Cola as shown by their $13.0 billion gross profit.
• D) Coca-Cola generated more revenue than Pepsi Co. which means that the selling price of Coca-Cola products

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