Assume that you have been asked to analyze Coca-Cola's working capital management.

a. Estimate the net working capital and noncash working capital for Coca-Cola.

b. Estimate the firm's current ratio.

c. Estimate the firm's quick ratio.

d. Would you draw any conclusions about the riskiness of Coca-Cola as a firm by looking at these numbers? Why or why not?

Coca-Cola's income statements for 1997 and 1998 are summarized (in millions of dollars) for problems 5 through 9:

The following questions relate to Coca-Cola's income statements.

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Net revenues Cost of goods sold 1997 1998 $18,868 $18,813 6,015 5,562 Selling, general, and administrative expenses 7,852 8,284 Earnings before interest and taxes Interest expenses Nonoperating gains Income tax expenses Net income Dividends 5,001 4,967 258 277 1,312 508 1,926 1,665 4,129 3,533 1,387 1,480