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Review the following comparative income statements for Coca-Cola Company for the years ended December 31, 2022, and 2021. Coca-Cola Company 2022 2021 Sales $43,004 $38,655

Review the following comparative income statements for Coca-Cola Company for the years ended December 31, 2022, and 2021.

Coca-Cola Company

2022

2021

Sales

$43,004

$38,655

Cost of Goods Sold

$19,751

$17,528

Gross Profit

$23,253

$21,127

Operating Expenses

$13,427

$12,890

Net Income

$9,542

$8,654

Requirements:

  1. Calculate the gross profit margin for each year.
  2. Calculate the operating profit margin for each year.
  3. Compute the net profit margin for each year.
  4. Discuss the factors contributing to the changes in Coca-Cola's profitability from 2021 to 2022.

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