Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Following are summarized 2020 and 2019 income statements and balance sheets for The Coca-Cola Company. Required Prepare common-size income statements and balance sheets for Coca-Cola.

image text in transcribed
image text in transcribed
image text in transcribed
Following are summarized 2020 and 2019 income statements and balance sheets for The Coca-Cola Company. Required Prepare common-size income statements and balance sheets for Coca-Cola. Comment on any noteworthy relationships that you observe. Note: Enter the percent rounded to one digit after the decimal; for example, enter 8.4 for 8.44%, or 8.5 for 8.45%. \begin{tabular}{|c|c|c|c|c|} \hline THECOCA-COLACOMPANYANDSUBSIDIARIESConsolidatedBalanceSheets(5millions)December31 & 2020 & 2019 & 2020 & 2019 \\ \hline \multicolumn{5}{|l|}{ Assets } \\ \hline \multicolumn{5}{|l|}{ Current assets } \\ \hline Cash and cash equivalents & $6,727 & $6,416 & 0% & 0% \\ \hline Short-term investments & 1,753 & 1,452 & 0% & 0% \\ \hline Marketable securities & 2,325 & 3,196 & 0% & 0% \\ \hline Trade accounts receivable, net & 3,113 & 3,931 & 0% & 0% \\ \hline Inventories & 3.233 & 3,345 & 0% & 0% \\ \hline Prepaid expenses and other assets & 1,897 & 1,867 & 0% & 0% \\ \hline Total current assets & 19.048 & 20,207 & 0% & 0% \\ \hline Equity method investments & 19,080 & 18,835 & 0% & 0% \\ \hline Other investments & 804 & 845 & 0% & 0% \\ \hline Other assets & 6,122 & 6,014 & 0% & 0% \\ \hline Deferred income tax assets & 2,435 & 2,388 & 0% & 0% \\ \hline Property, plant, and equipment, net & 10,669 & 10,730 & 0% & 0% \\ \hline Trademarks with indefinite lives & 10,291 & 9,173 & 0% & 0% \\ \hline Goodwill & 17,331 & 16,596 & 0% & 0% \\ \hline Other intangible assets & 643 & 729 & 0% & 0% \\ \hline Total assets & $86,423 & $85,517 & 0% & 0% \\ \hline \multicolumn{5}{|l|}{ Liabilities and equity } \\ \hline \multicolumn{5}{|l|}{ Current liabilities } \\ \hline Accounts payable and accrued expenses & 11,034 & 11,199 & 0% & 0% \\ \hline Loans and notes payable & 2.161 & 10,884 & 0% & 0% \\ \hline Current maturities of long-term debt & 480 & 4,210 & 0% & 0% \\ \hline Accrued income taxes & 780 & 410 & 0% & 0% \\ \hline Total current liabilities & 14.455 & 26,703 & 0% & 0% \\ \hline Long-term debt & 39,724 & 27,241 & 0% & 0% \\ \hline Other liabilities & 9,358 & 8,425 & 0% & 0% \\ \hline Deferred income tax liabilities & 1,815 & 2,261 & 0% & 0% \\ \hline Total liabilities & 65,352 & 64,630 & 0% & 0% \\ \hline Total equity & 21,071 & 20,887 & 0% & 0% \\ \hline Total liabilities and equity & $86,423 & $85,517 & 0% & 0% \\ \hline \end{tabular} Observations: Operating income as a percentage of sales Financing using debt (vs. equity) The most significant change in proportion to total assets on balance sheet related to which account

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investment Theory And Risk Management

Authors: Steven Peterson

1st Edition

9781118129593

More Books

Students also viewed these Accounting questions