Formula Table Chart Text shape Media Comment IfER Coca-Cola's balance sheet for December 1998 is summarized (in m ons of dollars Year 998 997 US$1,648 US$1,544 Cash and near-cash Accounts payable US$1,049 US$9,000 Short-term borrowings Inventory Accounts receivable US$1,666 Other short-term liabilities US$2,017 Current liabilities Other current assets US$6,380 Current assets Long-term borrowings US$1,863 Other long-term liabilities Long-term investment Depreciable fixed assets US$5,486 Noncurrent liabilities US$199 Nondepreciable fixed asstes Accumulated depreciation US$2,016 Share capital (paid-in) Net fixed assets US$3,669 Retained earnings Other assets US$7,233 Shareholder's equity Total Assets US$19,145 US$19,000 Total Liabilities and Equity Coca-Cola's income statement for 1997 and 1998 are summarized (in millions of dollars) 20 Year 997 998 US$18,868 US$18,813 21 Total revenues 22 Cost of goods sold 6,015 5,562 and administrative expenses 23 Se 7,852 8,284 ng, general Earnings before interest and taxes 24 5,00 4,967 Interest expenses 25 258 277 26 Nonoperating gains 312 508 27 Income tax expenses 926 665 28 Net income 4,129 3,533 Dividends 29 387 480 30 31 1. Which assets are likely to be assessed closest to market value? 2. How much interest-bearing debt does Coca-Cola have outstanding? 32 3. How much did Coca-Cola obtain in equity capital when it issued stock originally to the financial markets? 33 4. The market value of Coca-cola's equity is $140 billion. What is the book value of equity in Coca-Cola? 34 Why is there such a large difference between the market value of equity and the book value of equity 35 5. Calculate all the ratios we covered in class. And explain the firm's profitability and risk 36 Sh 1998 1997 US$2,14 US$4,462 US$4,300 US$2,037 US$8,640 US$687 US$700 US$1,415 US$2,102 US$3,060 US$5,343 US$8,403 US$8,000 US$19,145 Sort & Filt Cell Text Arrange Table Table Styles Headers & Foote Table Name A A Table Font Size Table Outline Outline table name Grid Lines Alternating Row Colo Row & Column Size