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Use the companies' financial information to answer the following questions. a. What were Coca-Cola's and PepsiCo's net revenues (sales) for the year 2017? Which company

Use the companies' financial information to answer the following questions.

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 (geographic areas) did Coca-Cola and PepsiCo experience significant revenues in 2017? Compare the amounts of foreign revenues to U.S. revenues for both Coca-Cola and PepsiCo.

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