Company Coca Cola. Consider the annual reports of Coca Cola for a period of 2 years (2019 and 2020). Using the different financial ratios, we covered in this course you are required to compare year 2019 with 2020.

Question 1: For the Balance sheet: A. What is the percentage change of total assets? (Show calculations)

B. What is the percentage change of current Liabilities? (Show calculations)

C. What is the percentage change of total equity? (Show calculations)

D. Include 3 Ratio calculations for the balance sheet and show your formulas and calculations and explain your findings of each ratio. E. Identify one strength and weakness and make recommendations for future improvement.

Question 2: For the Income Statement

A. What is the percentage change of Revenue? (Show calculations)

B. What is the percentage change of Operating Income? (Show calculations)

C. What is the percentage change of Interest Expense? (Show calculations)

D. Include 3 Ratio calculations for the income statement and show your formulas and calculations and explain your findings of each ratio. E. Identify one strength and weakness and make recommendations for future improvement.

Thanks in advance!

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions CURRENT ASSETS Cash and cash equivalents Short-term investments TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS Marketable securities Trade accounts receivable, less allowances of $526 and $524, respectively Inventories Prepaid expenses and other assets TOTAL CURRENT ASSETS EQUITY METHOD INVESTMENTS OTHER INVESTMENTS OTHER ASSETS Deferred Income Tax Assets PROPERTY, PLANT AND EQUIPMENT - net TRADEMARKS WITH INDEFINITE LIVES GOODWILL OTHER INTANGIBLE ASSETS TOTAL ASSETS CURRENT LIABILITIES Accounts payable and accrued expenses Notes and Loans Payable, Current Current maturities of long-term debt Accrued income taxes TOTAL CURRENT LIABILITIES LONG-TERM DEBT OTHER LIABILITIES Deferred Income Tax Liabilities THE COCA-COLA COMPANY SHAREOWNERS' EQUITY Common stock, $0.25 par value; authorized - 11,200 shares; issued 7,040 shares Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, at cost 2,738 and 2,760 shares, respectively EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS TOTAL EQUITY TOTAL LIABILITIES AND EQUITY Dec. 31, 2020 $ 6,795 1,771 8,566 2,348 3,144 3,266 1,916 19,240 19,273 812 6,184 2,460 10,777 10,395 17,506 649 87,296 11,145 2,183 485 788 14,601 40,125 9,453 1,833 1,760 17,601 66,555 (14,601) (52,016) 19,299 1,985 21,284 $ 87,296 Dec. 31, 2019 $ 6,480 1,467 7,947 3,228 3,971 3,379 1,886 20,411 19,025 854 6,075 2,412 10,838 9,266 16,764 736 86,381 11,312 10,994 4,253 414 26,973 27,516 8,510 2,284 1,760 17,154 65,855 (13,544) (52,244) 18,981 2,117 21,098 $ 86,381 Revenues CONSOLIDATED STATEMENTS OF INCOME- USD ($) shares in Millions, $ in Millions Cost of Goods and Services Sold GROSS PROFIT Selling, General and Administrative Expense Other Cost and Expense, Operating OPERATING INCOME Interest income Interest expense A Equity income (loss) - net Other income (loss) - net INCOME BEFORE INCOME TAXES Income taxes CONSOLIDATED NET INCOME Net Income (Loss) Attributable to Noncontrolling Interest NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY BASIC NET INCOME PER SHARE (in dollars per share) DILUTED NET INCOME PER SHARE (in dollars per share) AVERAGE SHARES OUTSTANDING (in shares) Effect of dilutive securities (in shares) AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) B 12 Months Ended Dec. 31, 2020 $ 33,014 13,433 19,581 9,731 853 8,997 370 1,437 978 841 9,749 1,981 7,768 21 $7,747 $ 1.80 $ 1.79 4,295 28 4,323 C Dec. 31, 2019 $37,266 14,619 22,647 12,103 458 10,086 563 946 1,049 34 10,786 1,801 8,985 65 $ 8,920 $ 2.09 $ 2.07 4,276 38 4,314