Net sales and income from continuing operations


Task: Go to www.wiley.com/college/kieso and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc.

Q1. Which company had the greater percentage increase in total assets from 2006 to 2007?

Q2. Using the Selected Financial Data section of these two companies, determine their 5-year average growth rates related to net sales and income from continuing operations.

Q3. Which company had more depreciation and amortization expense for 2007? Provide a rationale as to why there is a difference in these amounts between the two companies.

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Accounting Basics: Net sales and income from continuing operations
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