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Coca-Cola Financial Statements 2019-2021 (In Millions of US$, except per share data) 2019 2020 2021 Sales revenue 37.266 33.014 38.655 Cost of goods sold 14.619

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Coca-Cola Financial Statements 2019-2021 (In Millions of US$, except per share data) 2019 2020 2021 Sales revenue 37.266 33.014 38.655 Cost of goods sold 14.619 13.433 15.357 Gross prots 22.647 19.581 23.298 Operating expenses 12.561 10.584 10.756 ra ' income 7' EBIT 10.086 8.997 12.542 Interest 700 752 2. l 17 Net prots before taxes 9.386 8.245 10.425 Taxes 40 1 477 62 1 Net prots after taxes 8.985 7.768 9.804 Preferred stock dividends 65 21 33 Net income 8.920 7.747 9.771 Shares outstanding 4.314 4.323 4.340 Earnings per share (EPS) 2,07 1,79 2,25 g Questions: a b c d . Calculate the Degree of Operating Leverage for the years 2020 and 2021. . Calculate the Degree of Financial Leverage for the years 2020 and 2021. . Calculate the Degree of Total Leverage for the years 2020 and 2021. . Interpret and discuss your results above

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