Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
he following revenue data were taken from the December 31, 2017, Coca-Cola annual report (10-K): Europe, Middle East, Latin North Asia Bottle 2017 (in millions)
he following revenue data were taken from the December 31, 2017, Coca-Cola annual report (10-K): Europe, Middle East, Latin North Asia Bottle 2017 (in millions) Africa America America Pacific Investments Outside sales $7,332 $3,956 $8,651 $4,767 $10,524 Intersegment sales 42 73 1,986 409 81 Total sales $7,374 $4,029 $10,637 $5,176 $10,605 Europe, Middle East, Latin North Asia Bottle 2016 (in millions) Africa America America Pacific Investments Outside sales $7,014 $3,746 $6,437 $4,788 $19,751 Intersegment sales 264 73 3,773 506 134 Total sales $7,278 $3,819 $10,210 $5,294 $19,885 For each segment and each year, calculate intersegment sales (another name for transfer sales) as a percentage of total sales. Round your answers to one decimal place. Intersegment Sales as a % of Total Sales Europe, Middle East, Latin North Asia Bottle Africa America America Pacific Investments 96 % 96 % % 2017 Intersegment Sales as a % of Total Sales Europe, Middle East, Africa North Latin America Asia Pacific Bottle Investments America 2017 % % % % % 2016 % % % % 96 Which of the following statements best describes your results? a. All four geographic regions' Intersegment sales as a percentage of total sales decreased from 2016 to 2017, but the decrease in Latin America was insignificant. b. All four geographic igions' Intersegment sales as a percentage of total sales decreased from 2016 to 2017, but the decrease in North America was insignificant. c. All four geographic regions' intersegment sales as a percentage of total sales decreased from 2016 to 2017, but the decrease in Asia Pacific was insignificant. d. All four geographic regions intersegment sales as a percentage of total sales decreased from 2016 to 2017, but the decrease in Europe, Middle East, and Africa was insignificant
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started