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Data for the year ended December 31, 2023: Item Amount Revenue $10,000,000,000 Cost of Goods Sold $4,000,000,000 Operating Expenses $3,000,000,000 Income Tax Expense $1,000,000,000 Net

Data for the year ended December 31, 2023:

Item

Amount

Revenue

$10,000,000,000

Cost of Goods Sold

$4,000,000,000

Operating Expenses

$3,000,000,000

Income Tax Expense

$1,000,000,000

Net Income

$2,000,000,000

Total Assets

$30,000,000,000

Total Liabilities

$15,000,000,000

Shareholders' Equity

$15,000,000,000

Requirements:

  1. Calculate Coca-Cola's gross profit margin.
  2. Determine Coca-Cola's operating profit margin.
  3. Analyze the impact of income tax expense on Coca-Cola's net income.
  4. Evaluate how Coca-Cola recognizes revenue from beverage sales.
  5. Explain the significance of the Income Measurement Objective in Coca-Cola's financial reporting.
  6. Discuss Coca-Cola's current ratio and quick ratio.
  7. Analyze the impact of Coca-Cola's financial performance on its global market share.

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