Coca-Cola Company Comparative Financial Statements

Income Statement for Years Ended December 31, 2021, 2022, 2023

• Revenue: $38,655, $40,742, $42,810
• Cost of Goods Sold: $15,792, $16,824, $17,839
• Gross Profit: $22,863, $23,918, $24,971
• Operating Expenses: $14,452, $15,025, $15,674
• Operating Income: $8,411, $8,893, $9,297
• Interest Expense: $1,263, $1,298, $1,332
• Income Before Tax: $7,148, $7,595, $7,965
• Income Tax Expense: $1,765, $1,877, $1,967
• Net Income: $5,383, $5,718, $5,998

Balance Sheet as of December 31, 2021, 2022, 2023

• Assets
  • Current Assets: $29,672, $31,758, $33,846
  • Property, Plant, Equipment, Net: $22,763, $23,963, $25,213
  • Intangible Assets: $16,936, $17,624, $18,269
  • Total Assets: $69,371, $73,345, $77,328
• Liabilities and Equity
  • Current Liabilities: $12,765, $13,234, $13,746
  • Long-Term Debt: $29,763, $30,289, $30,964
  • Shareholders' Equity: $26,843, $29,822, $32,618
  • Total Liabilities and Equity: $69,371, $73,345, $77,328

Requirements

1. Calculate the gross profit margin for each year.
2. Determine the operating income as a percentage of revenue for each year.
3. Compute the debt to equity ratio for each year.
4. Assess the return on assets for each year.