In its 2009 annual report the coca-cola company reported


In its 2009 annual report, the Coca-Cola Company reported sales of $30.99 billion for fiscal year 2009 and $31.94 billion for fiscal year 2008. The company also reported operating income (roughly equivalent to EBIT) of $8.23 billion in 2009 and $8.45 billion in 2008. Meanwhile, arch rival PepsiCo, Inc. reported sales of $43.23 billion in 2009 and $43.25 billion in 2008. PepsiCO operating income was $8.04 billion in 2009 and $6.96 billion in 2008. Based on these figures, which company had higher operating leverage?

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Financial Management: In its 2009 annual report the coca-cola company reported
Reference No:- TGS01127752

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