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Coca-Cola Company has the following information as of December 31, 2023: Account Amount ($) Cash 8,000,000 Accounts Receivable 10,500,000 Inventory 9,000,000 Accounts Payable 6,000,000 Salaries

Coca-Cola Company has the following information as of December 31, 2023:

Account

Amount ($)

Cash

8,000,000

Accounts Receivable

10,500,000

Inventory

9,000,000

Accounts Payable

6,000,000

Salaries Payable

2,500,000

Common Stock

25,000,000

Retained Earnings

15,000,000

Requirements:

  1. Prepare a classified Balance Sheet.
  2. Calculate the Current Ratio.
  3. Determine the Working Capital.
  4. Evaluate Coca-Cola's liquidity position.
  5. Discuss potential financial challenges based on the Balance Sheet.

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