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Coca Cola And Its Impact On The World

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Introduction Coca-Cola and Pepsi are two of the most popular drinks in the world. The strong competition between both began in the seventies and continues even to present day. It was even dubbed The “Cola Wars”. Coca-Cola and PepsiCo compete at length with each other among an extensive list of other brands. A key concern for both of these companies in 2011 was their capability to market, produce, and distribute across national boundaries of a single nation. This concern has decreased as both companies were able to push though their limitations and were able to establish manufacturing plants in countries across the globe. (Coca Cola Company, 2011) This paper will review both the income statements and balance sheets of both companies followed by a vertical and horizontal analysis of their annual reports to provide suitable recommendations for improving their financial status. History Coca-Cola has been in existence since 1886. It began in downtown Georgia, by Dr. John S. Pemberton, a pharmacist. His partner Frank M Robinson, who also worked as his bookkeeper was the one who named it as well as the distinct design that is still used today. Coca-Cola has gone on to become the number 1 selling drink globally. (Coca-Cola Company, 2012) Before Dr. Pemberton died in 1888, he sold parts of the business with majority of it to Asa G. Candler an Atlanta businessman. Under Candler’s leadership, Coca‑Cola distribution grew to soda fountains beyond Atlanta. And because of the

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