Coca-Cola Company provided the following financial data for the quarter ending March 31, 2024: Total assets: $48,000,000
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Question:
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:
- Current ratio
- Debt-to-equity ratio
- Gross margin ratio
- Net profit margin ratio
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