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6-3. The Coca-Cola Company reported the following 2018 financial statement excerpts (in millions): Sales revenue Cost of goods sold Cash Accounts receivable Inventory Other current

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6-3. The Coca-Cola Company reported the following 2018 financial statement excerpts (in millions): Sales revenue Cost of goods sold Cash Accounts receivable Inventory Other current assets Total current assets Accounts payable Other current liabilities Total current liabilities $31,856 11.770 8,926 3,396 2,766 15,546 30,634 8,932 20,291 29,223 The non-alcoholic beverage industry reported the following liquidity ratios, and Coca-Cola reported some of its liquidity ratios as follows: Coke 4.3% Ratio Working capital Inventory turnover Days in inventory Accounts receivable turnover Days in accounts receivable Accounts payable turnover Days in accounts payable Net cash conversion cycle Industry 1.61 3.2x 114 6.5X 56 4.7X 78 92 9.4X 1.3X Required: Compute Coke's missing ratios above. Discuss whether Coke's below industry average working capit ratio is cause for concern

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