Coca-Cola Company and PepsiCo are two of the best-known companies worldwide. Their 2017 financial statements can be found in the investor information sections of their company websites:www.coca-colacompany.com/investors/archives-annual-other-reports and www.pepsico.com/Investors/ Annual-Reports-and-Proxy-Information.

Instructions

Go to the company websites and use information found there as part of their annual reports to answer the following questions about Coca-Cola Company and PepsiCo.

a. What were Coca-Cola’s and PepsiCo’s net revenues (sales) for the year 2017? Which company increased its revenue more (dollars and percentage) from 2016 to 2017?

b. Are the revenue recognition policies of Coca-Cola and PepsiCo similar? Explain.

c. In which foreign countries (geographical areas) did Coca-Cola and PepsiCo earn significant revenues in 2017? Compare the amounts of foreign revenues with U.S. revenues for both Coca-Cola and PepsiCo.