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Coca-Cola Company provided the following financial data for the quarter ending March 31, 2024: Total assets: $48,000,000 Total liabilities: $28,000,000 Total equity: $20,000,000 Net income:

Coca-Cola Company provided the following financial data for the quarter ending March 31, 2024:

  • Total assets: $48,000,000
  • Total liabilities: $28,000,000
  • Total equity: $20,000,000
  • Net income: $10,000,000
  • Sales revenue: $40,000,000
  • Cost of goods sold: $24,000,000
  • Operating expenses: $6,000,000
  • Interest expense: $1,200,000
  • Income tax expense: $1,600,000

Calculate the following ratios for Coca-Cola Company for the quarter ending March 31, 2024:

  1. Current ratio
  2. Debt-to-equity ratio
  3. Gross margin ratio
  4. Net profit margin ratio

 

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