Analysis of the Common-size statementsi.e., what changed and why. That is, describe the changes in these statements and analyze the cause of the changes.

Include: a) mix of assets,

b) split between current assets and fixed assets,

c) mix of debt,

d) split between current liabilities and LT liabilities, capital structure (i.e., debt and equity),

e) profitability at all levels,

f) changes in expenses, etc.

This section must include evidence of research indicating what events had substantive effects on Cokes financial profile during the 10 year period. In other words, profitability may have increased due to introduction of new product lines, leverage may have increased due to the issuance of bonds, and assets may have increased due to acquisitions. These are offered as examples, and your research should indicate what occurred and how it affected Coke from a financial perspective.

Coca-Cola Common Size Balance Sheets for December 2006 and 2016 All amounts in Millions 2006 2016 Assets Current Assets Cash and Equivalents $2,440 $22,201 8% 25.4% Receivables $2,704 $3,856 9% 4.4% $1,641 5.5% $2,675 3.1% Inventory $1,656 $5,278 Other 5.5% 6.1% $8,441 $34,010 Total Current Assets 28% 39.0% Productive Assets $6,903 $10,635 Property, Plant, and Equipment (net) $6,903 $10,635 Net Productive Assets 23% 12.2% $14,619 $42,625 48.8% Other Assets 49% $21,522 $53,260 Total non-current assets 71.8% 61.0% $29,963 $87,270 Total Assets 100% 100% Liabilities And Shareholders' Equity Liabilities Current Liabilities Accounts Payable $5,622 $2,682 19% 3.1% $3,268 11% $16,025 Current Debt Due 18,4% $0 $7,825 Other 0% 9.0% $8,890 $26,532 Total Current Liabilities 30% 30.5% Long-Term Liabilities $1,314 $29,684 LT Debt 4% 34.0% $2,231 $3,753 Other LT Liabilities 7% 4.3% $608 $4,239 Deferred Income Taxes 2% 4.9% $4,153 $37,676 Total LT Liabilities 43.2% 13% $13,043 $64,208 Total Liabilities 43% 73.6% Shareholders' Equity $878 ($22,118) $1,760 Common Stock 3% 2.0% -74% ($47,988) -55.0% Treasury Stock Retained Earnings $33,468 $65,502 112% 75.1% ($1,291) $5,983 -5% ($11,205) Equity Adjustments -12.8% 20% $14,993 17.2% Capital Surplus Total Shareholders' Equity Total Equity + Liabilities $16,920 $29,963 $23,062 100% $87,270 26.5% 57% 100%