Coca-Cola reported net sales revenues of $18.8 billion and cost of goods sold of $5.6 billion,while PepsiCo reported revenues of $22.3 billion and cost of goods sold of $9.3 billion.Which of the following statements is correct?
A) While PepsiCo generated more revenues than Coca-Cola,PepsiCo generated a lower gross profit percentage.
B) Coca-Cola generated a lower gross profit percentage because its sales revenue was lower.
C) PepsiCo did a better job of controlling product costs as a percentage of sales than did Coca-Cola.
D) The selling price of Coca-Cola products must have been higher than the price of Pepsi Co products.
Correct Answer:
Verified
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