Obtain The Coca Cola Company's 2010 annual report either using the ''Investor Relations'' portion of its website (do a web search for Coca Cola investor relations) or go to www.sec.gov and click ''Search for company filings'' under ''Filings and Forms (EDGAR).''
Required:
1. What classifications are used by Coca Cola to value its inventory?
2. How does Coca Cola value its inventory?
3. Did Coca Cola report any impairments of inventory during the period?