In 2004, Coca-Colas gross profit ratio was 65.2% and their profit margin was 22.1%. In 2004, PepsiCos gross profit ratio was 54.2% and their profit margin was 14.4%. Which of the following is false? A) Coca-Colas cost of goods sold was a lower percentage of sales than PepsiCos. B) In 2004, Coca-Colas profit margin was 53% greater than PepsiCos which would be explained as a higher return on sales. C) The major reason for PepsiCos lower profit margin is that their selling, general and administrative expenses were double the percentage of sales compared to Coca-Colas percentage of sales. D) All of the above are false. E) None of the above is false