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Coca-Cola's financial records for 2023: Sales Revenue: $210,000,000 Cost of Goods Sold (COGS): $125,000,000 Operating Expenses: $65,000,000 Interest Expense: $2,200,000 Tax Rate: 24% Requirements: Prepare

Coca-Cola's financial records for 2023:

  • Sales Revenue: $210,000,000
  • Cost of Goods Sold (COGS): $125,000,000
  • Operating Expenses: $65,000,000
  • Interest Expense: $2,200,000
  • Tax Rate: 24%

Requirements:

  1. Prepare an income statement for Coca-Cola for the year 2023.
  2. Calculate the gross profit.
  3. Determine the operating income.
  4. Calculate the net income after taxes.
  5. Analyze the profit margin ratio for Coca-Cola.

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