What were your companies net revenues for 2022?? Is this an increase over the previous year?? Does it appear that COVID-19 affected their revenues trend? 2. What is the Co

 my companies Coke and Pepsi.

Research Project Part 2

• Using the Income Statement and Notes for your company, answer the questions below:

1.

What were your companies’ net revenues for 2022?  Is this an increase over the previous year?  Does it appear that COVID-19 affected their revenues’ trend?

2.

What is the Cost of Goods Sold and Gross Profit for each company?

3.

Calculate Gross Profit Margin percentage.  Compare between your companies and discuss the differences.

4.

What were your companies’ largest expenses (other than Cost of Goods Sold) for 2022?  What is the percentage of operating expenses of gross profit?  Which company is in a better position?

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Discussion 1

A calendar year runs from January 1 to December 31 each year.  Companies are allowed to select a fiscal year that is different from the calendar year, which means not all companies’ financial statements are as of December 31.

Here is a list of a variety of companies and their fiscal years:

• Amazon.com: Fiscal year end is December 31
• Target: Fiscal year ends on the Saturday nearest January 31
• Apple: Fiscal year is the 52 or 53-week period that ends on the last Saturday of September
• Walt Disney: Fiscal year ends on the Saturday closest to September 30 and consists of fifty-two weeks with the exception that approximately every six years, there is a fifty-three week year
• Microsoft: Fiscal year end is June 30
• Hewlett-Packard: Fiscal year ends on October 31
• Austin Peay State University: Fiscal year end is June 30

For each of the companies listed, give at least one reason it might have chosen the fiscal year end that it has. Use your imagination.

 at least two paragraphs