$\frac{10}{5}\frac{?}{24},7$:$13PM$

Appendix C: Specimen Financial Statements: The Coca$-$Cola Company

Dividends $($per share $-$ $$1\mathrm{.}64,$$$1\mathrm{.}60$ and $$1\mathrm{.}56$ in $2020,2019$ and $2018,,(7,047),($:$6,845),(6,644)$

respectively$)$

$\backslash$table$[[$Balance at end of year,$66,555,65,855,63,234],[$Accumulated Other Comprehensive Income $($Loss$),,,],[$Balance at beginning of year,$(13,544),(12,814)(10,305),],[$Adoption of accounting standards$\_,-,(564),(409)],[$Net other comprehensive income $($loss$),(1,057),(166)(2,100),],[$Balance at end of year,$(14,601),(13,544)(12,814),]]$

Treasury Stock

Balance at beginning of year

Treasury stock issued to employees related to stock$-$based compensation

$(52,244)(51,719)(50,677)$

$228501,704$

plans

$\backslash$table$[[$Purchases of stock for treasury,$-,(1,026),(1,746)],[$Balance at end of year,$(52,016)(52,244)(51,719)],[$Total Equity Attributable to Shareowners of The Coca$-$Cola Company, $

$19,299],[$Equity Attributable to Noncontrolling Interests$],[$Balance at beginning of year,$ $2,117,$$ $2,077,$$ $1,905],[$Net income attributable to noncontrolling interests,$21,65,42],[$Net foreign currency translation adjustments,$(153),45,53],[$Dividends paid to noncontrolling interests,$(18),(48),(31)],[$Acquisition of interests held by noncontrolling owners,$,(84),],[$Contributions by noncontrolling interests,$17,3,],[$Business combinations,$1,59,101],[$Other activities,$,,7],[$Total Equity Attributable to Noncontrolling Interests,$ $1,985,$$$2,117,$$ $2,077]]$

${?}_{-}^1$ Refer to Note $1$ and Note $5.$

$\frac{5}{5}$The financial statement of Coca$-$Cola are presented in Appendix C$.$

Click here to view Appendix C$.$

The financial statement of PepsiCo are presented in Appendix D$.$

Click here to view Appendix D$.$

The companies' complete annual reports, including the notes to the financial statements, are available online. Use the companies'

financial information to answer the following questions.

Speculate as to their rationale for the amount of working capital they maintain.

What were these two companies' trends in net cash provided by operating activities over the period $2018-2020?$

What do the current cash debt coverage, cash debt coverage, and free cash flow ratios indicate about the financial condition of the

two companies?

The financial statements of Coca$-$Cola and PepsiCo are presented in Appendices C and D$,$ respectively. The companies' complete annual reports, including the notes to the financial statements, are available online.

Click here to view Appendix C

Click here to view Appendix D

Use the companies' financial information to answer the following question.

In Note $4,$ what is Coca$-$Cola's policy regarding its cost method investments?

$0$ Word$($s$)$