As a group, please answer the following questions sequentially relating to the 2022 annual financial statements of Coca-Cola Company (one report from each group). The report should be written in Word document (double-spaced with 12-font in Times New Roman). Read three portions of the annual report carefully to answer the following questions: Four financial statements, management discussion and analysis section and notes to the consolidated financial statements. 1. Calculate gross profit margin and net profit margin for 2021 and 2022 and comment on the change in the company's profitability. 2. Locate the note about the company's marketing program and summarize it. 3. Discuss the details about the net income per share (including the calculation part) as discussed by the company in the notes of the financial statements. 4. What is the company's accounting policy for goodwill as discussed in the notes to the financial statements? 5. What are the company's policies regarding the amortization of intangible assets? 6. Describe the company's policy on depreciation of property plant and equipment. 7. Describe the company's policy in regards to the allowance for doubtful accounts. Comment on the change in the allowance for doubtful account balance from 2021 to 2022 vis--vis the change in the balance of gross receivables. You may calculate the percentage of allowance to the gross receivables and look for a change of such percentage over the year 2022 and evaluate. 8. Are the financial statements comparative? Why are comparative statementsusually presented? 9. Are the financial statements consolidated? What does that mean to you? 10. Is this a retail, financial or manufacturingcompany? 11. How many different kinds of revenues are reported? How many different kinds of expenses are reported? 12. What were interest expense and interest revenue items reported on the income statement? 13. Were any unusual or infrequently occurring items reported on the income statements of 2022 and 2021? 14. Was there any indication or discussion of accounting change (either change in accounting policy or accounting estimate)? If so, explain how it was reported and what type of change it was. 15. What was the net profit margin in 2022 and 2021 (i.e., net income divided by sales revenue)? 16. What was the primary depreciation methods used for accountingpurposes? 17. What was the amount of income tax expense for 2022? 18. In 2022, what was the total amount of cash dividends declared on common stock and preferred stock? 19. Did the auditor's report express any adverse opinion on the financial statements? Explain. 20. Did the company present a single statement of comprehensive income or two separate statements of income and comprehensive income? What are the numbers? What was other comprehensive income adjustments with net income to arrive at comprehensive income? 21. What percentage of total assets is funded by equity and by debt? What are the changes in these percentages in 2022 compared with 2021? Comment on the change. 22. Did Coca Cola increase total common dividend payment in 2022 relative to the previous two years? If so, by how much? 23. Did the company use direct or indirect method of presenting its statement of cash flows? 24. What was the amount of cash provided by operations? What was the amount of cash used in investing activities of the company? 25. What was the major financing cashflows? Discuss with the amounts. 26. What are the major investing cash outflows? Discuss with the amounts. 27. How much cash generated from operations (CFO) was utilized in investment and financing activities? 28. Show the reconciliation between net income and its sub-components into accruals and cash flows. What was the trend of these three things that you noticed over the three years 2022, 2021 and 2020? Was the trend healthy? (Hint: Net income = Total accruals + operating cash flows) 29. Calculate the following ratios for the year 2022 and 2021, and comment on the change during the year 2022: a) Current ratio; b) Quick ratio; c) Days to sell; d) Receivable turnoverratio; e) Days to collect; f) Fixed assets turnoverratio; g) Debt-to-assets ratio; h) Times interest earned ratio