Complete the following deliverables as a team:
The Coca-Cola/PepsiCo Comparative Analysis Case on p. 192. Your responses should be approximately one to two sentences for each segment (a-c).
(a) What type of income format(s) is used by these two companies? Identify any differences in income statement format between these two companies.
(b) What are the gross profits, operating profits, net incomes, and net incomes attributable to non-controlling interests for these two companies over the 3-year period 2012-2014? Which company has had better financial results over this period of time?
(c) What income statement format do these two companies use to report comprehensive income?