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Answer questions in the space provided. You must show your work in order to receive credit. On the short answer questions, answer only on
Answer questions in the space provided. You must show your work in order to receive credit. On the short answer questions, answer only on the lines provided - excess will not be graded. You may use Excel to answer the questions, make sure you upload your Excel sheet along with your exam to Canvas when you are done with the exam. This exam is due Wednesday, July 20 before the beginning of class. 1. What are the disadvantages of the Profit Maximization goal for corporate management, and should the company follow this goal? 2. Attached to this exam are the Income Statement and Balance Sheet for the Coca-Cola Company. Using these statements, and focusing on the year 2015, then: a. Calculate the Current and Quick Ratios. b. Calculate the Debt Ratio and the Times Interest Earned Ratios. c. Calculate Gross Profit Margin, Operating Profit Margin and Net Profit Margin.
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