calculate 2019 MVA

Other Data 2019 4,268M Ordinary Shares Outstanding (M) Market Price $53.30 Tax Rate 21.20% WACC (After-tax % cost of capital) 5.0% 2019 2018 Assets: (in Millions) Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Net fixed assets $11,175 $15,964 $3,971 $3,396 3,379 2,766 1,886 8,508 $20,411 $30,634 $10,838 $8,232 $55,132 $44,350 $86,381 $83,216 Other assets Total assets Liabilities and Equity: Accounts payable $10,705 $8,416 Notes payable 15,247 18,191 Other Current Liabilities 1,021 2616 Total current liabilities $26,973 $29,223 Long-term debt 38,310 34,935 Owner's equity 21,098 19,058 Total liabilities and owner's equity $86,381 $83,216 2019 37,266 Coca-Cola Company 12/31 Net sales (in millions) Operating Cost (exc. Depr.) Depreciation expense Operating Income 25,368 1365 10,533 Interest income 253 Earnings before taxes 10,786 Income taxes 1,801 Net income 8,985