The financial statements of The Coca-Cola Company and PepsiCo, Inc. can be accessed at the book’s website.

Instructions
Use information found at the book’s website to answer the following questions.
(a) What were Coca-Cola’s and PepsiCo’s net revenues (sales) for the year 2006? Which company increased its revenues more (dollars and percentage) from 2005 to 2006?
(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 2006? Compare the amounts of foreign revenues to U.S. revenues for both Coca-Cola and PepsiCo.