1. York Company wants to increase its current ratio from the present level of 1.5 when it closes its books next week. Which one of the following actions will have the desired effect?

A. Sale of short-term investments for cash. The investments were sold at a loss.

B. Write-down of overvalued assets (asset will be written down and an income statement loss incurred).

C. Payment of current payables with cash

D. Delay payment of the next payrolluntil after the current period books have been closed.

1. How much working capital did Coca-Cola have at the end of 2012?

2. Study the asset structure of Coca-Cola versus that of its main competitor, Pepsi. What is the most significant difference and what causes this difference?

3. What was Coca-Cola’s trend in net cash provided by operating activities over the period 2010 to 2012?

4. What was Coca-Cola’s12/31/12 book value? What was its market value on that same date (= number of shares outstanding * price per share)? Name one key reason for any difference between book and market value.