Coca-Cola Company presents the following as of December 31, 2022:

• Balance Sheet:
  • Cash: $10 billion
  • Accounts Receivable: $6 billion
  • Inventory: $3 billion
  • Total Current Assets: $19 billion
  • Total Assets: $100 billion
  • Accounts Payable: $8 billion
  • Short-term Debt: $2 billion
  • Long-term Debt: $20 billion
  • Shareholders’ Equity: $70 billion
• Income Statement:
  • Revenue: $60 billion
  • Cost of Goods Sold: $30 billion
  • Operating Expenses: $20 billion
  • Interest Expense: $1 billion
  • Tax Rate: 25%

Requirements:

1. Compute the quick ratio.
2. Calculate the gross profit margin.
3. Determine the debt-to-asset ratio.
4. Assess the return on assets (ROA).