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Chapter 3 Homework 4 The following information came from a recent balance sheet of The Coca Cola, Co 25 points Book Priet Assets Liabilities
Chapter 3 Homework 4 The following information came from a recent balance sheet of The Coca Cola, Co 25 points Book Priet Assets Liabilities Owners Equity End of Year $87.9 billion $68.9 billion Beginning of Year 587.3 billion 7 $23.2 billion Help Seve & Exit Submit Check my work a. Determine the amount of total liabilities reported in Coca-Cola's balance sheet at the beginning of the year. b. Determine the amount of total owners' equity reported in Coca-Cola's balance sheet at the end of the year c. Retained earnings was reported in Coca-Cola's year-end balance sheet at $60.4 billion. If retained earnings was $65.5 billion at the beginning of the year, determine net income for the year if a $6.3 billion dividend was declared during the year. (Enter your answers in billions of dollars rounded to 1 decimal place.) Total liabilities billion b Total owners' equity billion Net income billon
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