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