Given information:

COCA-COLA COMPANY CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash and cash equivalents	$7,309	$8,958
Short-term investments	$8,322	$9,052
TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS	$15,631	$18,010
Marketable securities	$4,269	$3,665
Trade net accounts receivable (less allowances of $352 and $331, respectively)	$3,941	$4,466
Inventories	$2,902	$3,100
Prepaid expenses and other assets	$2,752	$3,066
Assets held for sale	$3,900	$679
TOTAL CURRENT ASSETS	$33,395	$32,986
EQUITY METHOD INVESTMENTS	$12,318	$9,947
OTHER INVESTMENTS (available-for-sale)	$3,470	$3,678
OTHER ASSETS	$4,207	$4,407
PROPERTY, PLANT AND EQUIPMENT - net	$12,571	$14,633
TRADEMARKS WITH INDEFINITE LIVES	$5,989	$6,533
BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES	$6,000	$6,689
GOODWILL	$11,289	$12,100
OTHER INTANGIBLE ASSETS	$854	$1,050
TOTAL ASSETS	$90,093	$92,023
CURRENT LIABILITIES
Accounts payable and accrued expenses	$9,660	$9,234
Loans and notes payable	$13,129	$19,130
Current maturities of long-term debt	$2,677	$3,552
Accrued income taxes	$331	$400
Liabilities held for sale	$1,133	$58
TOTAL CURRENT LIABILITIES	$26,930	$32,374
LONG-TERM DEBT	$28,407	$19,063
OTHER LIABILITIES	$4,301	$4,389
DEFERRED INCOME TAXES	$4,691	$5,636
Total LIABILITIES	$64,329	$61,462
THE COCA-COLA COMPANY SHAREOWNERS' EQUITY
Common stock, $0.25 par value; Authorized 11,200 shares; Issued 7,040 and 7,040 shares, respectively	$1,760	$1,760
Capital surplus	$14,016	$13,154
Reinvested earnings	$65,018	$63,408
Accumulated other comprehensive income (loss)	$(10,174)	$(5,777)
Treasury stock, at cost 2,716 and 2,674 shares, respectively	$(45,066)	$(42,225)
EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY	$25,554	$30,320
EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS	$210	$241
TOTAL EQUITY (use this number for total equity)	$25,764	$30,561
TOTAL LIABILITIES AND EQUITY	$90,093	$92,023

Use the financial statements for The Coca-Cola Company to calculate the following financial ratios using the ratios on my handout (not from the book) and then in Part B answer the following question. Please show your work so partial credit can be earned. The Coca-Cola Companies 2015 Ratio Calculations
Liquidity Ratios
Current Ratio:______________
Acid-Test Ratio (Quick Ratio):______________
Accounts Receivable Turnover:______________
Accounts Receivable Turnover in Days:______________
Inventory Turnover:______________
Days Inventory Held:______________
Accounts Payable Turnover :______________
Accounts Payable Turnover in Days:______________
Operating Cycle:______________
Profitability Ratios
Return on Assets:______________
Return on Total Equity:______________
Asset Turnover:______________
Gross Profit Margin:______________
Profit Margin:______________
Long-Term Debt Ratios
Debt Ratio:______________
Debt to Equity Ratio:______________