1. Coca-Cola Company provided the following financial statement information for the year ended December 31, 2023:
   • Net Sales: $60,000,000
   • Cost of Goods Sold: $25,000,000
   • Operating Expenses: $15,000,000
   • Net Income: $20,000,000
   • Total Assets: $200,000,000
   • Total Liabilities: $80,000,000
   • Shareholders' Equity: $120,000,000

a. Calculate Coca-Cola Company's Gross Profit Margin and Net Profit Margin under the accrual basis of accounting. b. Determine Coca-Cola Company's Debt Ratio and Equity Ratio. c. Analyze the composition of Coca-Cola Company's total assets and their strategic implications under the accrual basis of accounting. d. Recommend financial strategies for Coca-Cola Company based on its financial performance and position under accrual accounting. e. Discuss how Coca-Cola Company's profitability ratios compare with industry benchmarks and peer companies with accrual adjustments.