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The following revenue data were taken from the December 31, 2017, Coca-Cola annual report (10-K): 2017 (in millions) Europe, Middle East, Africa Latin North Asia
The following revenue data were taken from the December 31, 2017, Coca-Cola annual report (10-K): 2017 (in millions) Europe, Middle East, Africa Latin North Asia Bottle America America Pacific Investments Outside sales $7,332 $3,956 $8,651 $4,767 $10,524 Intersegment sales 42 73 Total sales $7,374 1,986 $4,029 $10,637 $5,176 409 81 $10,605 Europe, Middle East, 2016 (in millions) Africa Latin America North Asia Bottle America Pacific Investments Outside sales $7,014 $3,746 Intersegment sales 264 73 Total sales $7,278 $6,437 3,773 $3,819 $10,210 $4,788 506 $19,751 134 $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, Africa Latin America North America Asia Pacific Bottle Investments 2017 % % % % % 2016 % % % % % 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 regions' 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. Check My Work Previous
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