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