2)Using the financial statement data and for Coca ColaCorp.

a.By what percentage did Coca Cola Revenues grow each year from 2016 to 2018?

b.By what percentage did net income grow each year?

c.Why might the growth rates of revenues and net income differ?

THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS 2018 2017 December 31 (In millions except par value) ASSETS CURRENT ASSETS Cash and cash equivalents Short-term investments TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS Marketable securities Trade accounts receivable, less allowances of $489 and 5477, respectively Inventorics Prepaid expenses and other assets Assets held for sale Assets held for sale -- discontinued operations TOTAL CURRENT ASSETS EQUITY METHOD INVESTMENTS OTHER INVESTMENTS OTHER ASSETS DEFERRED INCOME TAX ASSETS PROPERTY, PLANT AND EQUIPMENT - net TRADEMARKS WITH INDEFINITE LIVES BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES GOODWILL OTHER INTANGIBLE ASSETS TOTAL ASSETS LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses Loans and notes payable Current maturities of long-term debt Accrued income taxes Liabilities held for sale Liabilities held for sale - discontinued operations TOTAL CURRENT LIABILITIES LONG-TERM DEBT OTHER LIABILITIES DEFERRED INCOME TAX LIABILITIES THE COCA-COLA COMPANY SHAREOWNERS' EQUITY Common stock, 30.25 par values Authorised -11,200 shares Issued - 7,040 and 7040 shares, respectively Capital surplus Reinvested carning Accumulated other comprehensive income (los) Treasury stock, at cost-2.772 and 2.781 shares, respectively EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS TOTAL EQUITY TOTAL LIABILITIES AND EQUITY $ 8,926 S 6,006 2,025 9.352 10,951 15.358 5,013 5,317 3,396 3,667 2,766 2,655 1,962 2,000 219 6,546 7329 30,634 36.545 19,407 20,856 867 1,096 4,139 4.230 2,667 330 8.232 8,203 6,682 6,729 51 10,263 9,401 274 368 $ 83216 $ 87,896 138 $ 8932 $ 8,748 13,194 13.205 4997 3,298 378 410 37 1,722 1.496 29.223 27.194 25,364 31,182 7,638 8,021 1,933 2,522 1,760 1,760 16,520 15,864 63,234 60,430 (12,814) (10,305) (51,719) (50,671 16,981 17,072 2.077 1,905 19,058 18,977 $ 83,216 S 87,896 THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME 2018 2017 2016 Year Ended December 31, (In millions except per share data) NET OPERATING REVENUES Cost of goods sold GROSS PROFIT Selling general and administrative expenses Other operating charges OPERATING INCOME Interest income Interest expense Equity income (loss)-net Other income (los) - net INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Income taxes from continuing operations NET INCOME FROM CONTINUING OPERATIONS Income (los) from discontinued operations (net of income taxes of 5126, 547 and SO, respectively) CONSOLIDATED NET INCOME Less Net income attributable to noncontrolling interests NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 31,836 $ 35,410 $ 41,863 11,770 13255 16,465 20,086 22,155 25.398 10,107 12.654 15,370 1,079 1.902 1,371 8.700 7,599 8,657 682 677 642 919 841 733 1.00 1,071 835 (1.121) (1.764) (1.265) 8,350 6,742 8.1.36 1,623 3.560 1,586 6,727 1,182 6.550 (251) 6,476 42 101 1,283 35 6.550 23 $ 6,434 S 1.248 $ 6.527 $ $ $ Basic net income per share from continuing operations! Basic net income (los) per share from discontinued operations BASIC NET INCOME PER SHARE Diluted net income per share from continuing operations! Diluted net income (los) per share from discontinued operations DILUTED NET INCOME PER SHARE AVERAGE SHARES OUTSTANDING - BASIC Effect of dilutive securities AVERAGE SHARES OUTSTANDING DILUTED 1.58 $ 0.28 $ 1.51 (0.07) 0.02 1.51 $ 0.29 $ 1.51 1.57 S 0.27 $ 1.49 10.07) 0.02 1.50 0.29 $ 1.49 4.259 4,272 4317 52 SO 4.299 4304 THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS 2018 2017 2016 $ 6,476 S 1,283 $ 6,550 251 (101) 6,727 1,182 6,550 1,086 1,260 1,787 225 219 258 (450) (1.256) (856) (457) (628) (449) 281 158 189 1,459 1.146 558 1.218 647 682 (269) (224) (1.202 3,464 (225 7,320 6930 8,792 Year Ended December 31, (In millions) OPERATING ACTIVITIES Consolidated net income (Income) loss from discontinued operations Net income from continuing operations Depreciation and amortization Stock-based compensation expense Deferred income taxes Equity (income) loss - net of dividends Foreign currency adjustments Significant (gains) losses on sales of assets -net Other operating charges Other items Net change in operating acts and liabilities Net cash provided by operating activities INVESTING ACTIVITIES Purchases of investments Proceeds from disposals of investments Acquisitions of businesses, equity method investments and nonmarketable securities Proceeds from disposals of business, equity method investments and nonmarketable securities Purchases of property, plant and equipment Proceeds from disposals of property, plant and equipment Other investing activities Net cash provided by (used in) investing activities FINANCING ACTIVITIES Issaces of debt Payment of debt Lances of stock Purchases of sock for cury Dividende Other financing activities Net can provided by used in financing activities CASH FLOWS FROM DISCONTINUED OPERATIONS Net cash provided by used in operating activities from discontinued operations Net cash provided by (ed in investing activities from discontinued operations Net cash provided by (ned in financing activities from discontinued operations Net cash provided by used in discontinued operations EXTECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS Net increase (decrease) in cas, cash quhet restricted cash and restricted cash equivalents during the year Cash, cash equivalents restricted cash and restricted cash equivalents whening of your Cash, cash equivalents, restricted cash and restricted cashequests and of year Lew Restricted cash and restricted cash equivalent stead of year Cash and cash equivalents at end of your (7,789) 14,977 (1,040) 1.562 (1.347) 245 (17.296) 16,614 (3.809) 3,821 (1.675) 104 (93) (2.254) (16,626) 17,842 (838) 1,035 (2,262) 150 (305) (1.000 6,348 27,3039 (30,568) 1.476 (1.912) 29.857 27,281 (28,768) (25,615) 1.595 1,414 (3682) (6720) (6,013) (91) 79 (7.400 (6.545 (243) (10.550) 307 (21) 205 91 (58) (38) IS 241 (5) 2,95 (2.477 1.238 XRSO 7,612 6373 R&SO 392 367 295 $ 8,926 S 6006 S R.555 THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREOWNERS' EQUITY 2018 2017 2016 4,259 4.288 4.324 18 53 50 (39) (86 4.268 4.259 4.288 $ 1,760 S 1,760 $ 1,760 15,864 467 14,993 655 14,016 589 130 258 219 225 (36) 16.520 15,864 14,993 65,502 65,018 Year Ended December 31, (In millions except per share data) EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY NUMBER OF COMMON SHARES OUTSTANDING Balance at beginning of year Treasury stock issued to employees related to stock compensation plans Purchases of stock for treasury Balance at end of year COMMON STOCK CAPITAL SURPLUS Balance at beginning of year Stock issued to employees related to stock compctisation plans Tux benefit (charge) from stock compensation plans Stock-based compensation expense Other activities Balance at end of year REINVESTED EARNINGS Balance at beginning of year Adoption of accounting standards! Net income attributable to shareowners of The Coca-Cola Company Dividends (per share - $1.56, $1.48 and $1.40 in 2018, 2017 and 2016, respectively) Balance at end of year ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Balance at beginning of your Adoption of accounting standards Net other comprehensive income (los) Balance at end of year TREASURY STOCK Balance at beginning of year Treasury stock inued to cmployees related to stock compensation plans Purchases of stock for a Balance at end of year TOTAL EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS Balance at beginning of your Net income attributable to ho controlling interest Net foreign currency translation adjustments Dividends paid to controlling interests Contribution by controlling interest Business combinations Deconsolidation of certain entities Other activities TOTAL EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS 60,430 3,014 6,434 (6,644) 63.234 1,248 (6.320) 60,430 6,527 (6043) 65,502 (10,305) (11.205) (10,174) (409) 2.100) 900 (1.031) (12,814) (10.305) (11.205) (50,677) (47.988) (48,066) 704 909 811 (1,745) 3.598) 3.733) (51,719) 50,677 (47.988 $ 16,981 $ 17,072 S 23.062 $ 1.905 5 158 210 38 (15) 23 (13) 101 1.SOS (157) 7 $ 2,077 $1,905 S (34) (4) 158