Cost of Goods Sold Calculation for Coca-Cola Company:

Calculate the cost of goods sold (COGS) for Coca-Cola Company for the fiscal year 2023 based on the following information:

• Beginning Inventory: $2,500,000
• Purchases during the year: $10,000,000
• Ending Inventory: $3,000,000
• Operating Expenses: $5,000,000
• Gross Sales Revenue: $20,000,000
• Other Operating Income: $500,000

Requirement: Determine the COGS for Coca-Cola Company and provide a brief explanation of its significance in financial reporting.

2·Revenue Recognition for Apple Inc.:

Apply the revenue recognition principle to determine the amount of revenue that Apple Inc. should recognize for the sale of iPhones in the fiscal year 2023. The following information is available:

• Total iPhone sales revenue: $100,000,000
• Deferred Revenue from previous sales: $10,000,000
• Product Warranty Expense: $5,000,000
• Returns and Allowances: $3,000,000

Requirement: Calculate the amount of revenue Apple Inc. should recognize for iPhone sales in 2023, explaining the impact of deferred revenue, warranty expenses, and returns on revenue recognition.

3·Depreciation Calculation for Microsoft Corporation:

Calculate the depreciation expense for Microsoft Corporation's equipment for the fiscal year 2023 using the straight-line depreciation method. The following information is provided:

• Cost of equipment: $5,000,000
• Salvage value: $500,000
• Useful life: 5 years

Requirement: Determine the annual depreciation expense for Microsoft Corporation's equipment and provide a brief explanation of the straight-line depreciation method.

4·Inventory Valuation for Amazon.com, Inc.:

Value the ending inventory for Amazon.com, Inc. for the fiscal year 2023 using the FIFO (First-In, First-Out) method. The following information is available:

• Beginning Inventory: $10,000,000
• Purchases during the year: $50,000,000
• Cost of Goods Sold: $45,000,000
• Ending Inventory using LIFO method: $15,000,000

Requirement: Calculate the ending inventory value for Amazon.com, Inc. using the FIFO method and explain the rationale behind using FIFO for inventory valuation.

5·Financial Statement Analysis for Alphabet Inc.:

Analyze Alphabet Inc.'s financial performance for the fiscal year 2023 based on the following information:

• Total Revenue: $200,000,000
• Operating Expenses: $120,000,000
• Net Income: $50,000,000
• Total Assets: $500,000,000
• Total Liabilities: $200,000,000
• Shareholder's Equity: $300,000,000

Requirement: Calculate and interpret key financial ratios (profitability, liquidity, solvency) for Alphabet Inc., and provide insights into its financial health and performance.

6. Net Income Calculation for Walmart Inc.:

Calculate the net income for Walmart Inc. for the fiscal year 2023 using the following information:

• Total Revenue: $550,000,000
• Cost of Goods Sold: $350,000,000
• Operating Expenses: $150,000,000
• Interest Expense: $10,000,000
• Income Tax Expense: $30,000,000

Requirement: Determine the net income for Walmart Inc. and explain its significance in assessing profitability.