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I really need help with this please to help I would appreciate it. Find the Investors section of the Coca-Cola website and download Coke's Form
I really need help with this please to help I would appreciate it.
Find the Investors section of the Coca-Cola website and download Coke's Form 10-K for 2019, which was released on February 24, 2020. Briefly answer the following questions using the information provided. Complete sentences are not required. Unless otherwise noted, the relevant information is contained in Item 8, "Financial Statements and Supplementary Data," which begins on page 67. Also, unless otherwise noted, the questions relate to fiscal year 2019. General Company Information 1. How many brands of beverages does Coke own or license? (Item 1) 2. In how many countries and territories are Coke products sold? (Item 1) 3. How many employees does Coke have? (Item 1) 4. Of the 46 risk factors Coke discusses in Item 1A, which is most significant in your opinion? You don't need to explain why, just pick one that sounds risky. Revenues and Expenses 5. How much revenue (i.e., net operating revenues) did Coke report for the year? 6. How much did Coke's net operating revenue grow compared to the prior year, in dollars and as a percentage? 7. How much of this percentage growth was attributable to an increase in sales volume, as opposed to price or product mix changes, foreign currency fluctuations, or business acquisitions? (Page 47). 8. What is Coke's gross profit margin? How much did it increase or decrease compared to 2018? 9. What are the two main types of products that Coke markets, manufactures, and sells? (Note 10. Which of Coke's product sales tend to produce higher profit margins? (Note 3) 11. Outside the United States, did Coke sell more in concentrates or finished products? (Note 3) 12. During which quarter did Coke report the highest amount of revenues? (Page 143) 13. When does Coke recognize revenue in the income statement? (Find, read, copy, then paste the sentence on page 41 that discusses when control of products transfers to customers) 14. How much did Coke report as selling, general, and administrative expenses? 15. What are the primary three expenses included in selling, general and administrative expense? (Page 50) 16. How much depreciation expense did Coke recognize in the income statement? (Note 1) 17. How to hide a billion dollars: Which line on Coke's income statement includes depreciation expense? Note: you have to make an educated guess because Coke doesn't explicitly tell you. 18. What is Coke's operating income? 19. How much of Coke's operating income was generated in Latin America? (Note 21) 20. What is Coke's effective tax rate? Estimate it as tax expense divided by pretax income. Assets 21. How much is Coke owed by customers for purchases already made as of year end? 22. Of the amount owed by customers, how much does Coke expect to eventually collect in cash (i.e., from customers that don't default on their payments)? 23. Why does Coke think its risk associated with customer nonpayment is "limited? (Note 1, page 75) 24. On average, how many days does it take for Coke to collect accounts receivable from customers? Estimate this using the days sales outstanding ratio. Use net accounts receivable amounts in the calculation, i.e., the numbers presented in the 2019 column of the balance sheet. 25. How much inventory does Coke have on hand as of fiscal year end? 26. What percent of Coke's inventory is finished and ready to be sold (compared to, for example, raw materials it plans to use to produce inventory)? (Note 5) 27. On average, how many days does Coke hold inventory before selling it? Estimate this using the days inventory outstanding ratio. 28. How much in fixed assets (i.e., PP&E) did Coke report on its balance sheet? 29. What percent of Coke's fixed assets are (a) buildings, (b) machinery and equipment, and (c) land? Use the gross amounts (i.e., before depreciation) listed in Note 8. 30. Over what period of time does Coke depreciate its (a) buildings, (b) equipment, and (c) land? (Note 1, page 76) 31. How much in intangible assets did Coke report? 32. Search the internet for a recent estimate of the value of the Coca-Cola brand. How much is it 32. Search the internet for a recent estimate of the value of the Coca-Cola brand. How much is it worth? Does Coke include the full value of its brand name as an intangible asset on its balance sheet? Liabilities 33. How much does Coke owe to suppliers for purchases it has made? (Note 10) 34. On average, how many days does it take for Coke to pay amounts due to suppliers? Estimate this using the days payables outstanding ratio. 35. Why did the days payables outstanding ratio increase as much as it did in 2019? (Note 10 footnote) 36. How much does Coke owe its employees for work already performed? (Note 10) 37. How much money does Coke owe to creditors for money it has borrowed? Include both current and noncurrent amounts of loans and long-term debt. 38. Of Coke's long-debt debt, how much will be due in 2023? (Note 12) 39. How much Coke owe to the government for income taxes? Include both current and noncurrent amounts of income tax liabilities. 40. What is Coke's current ratio? What does Coke's ratio tell you about Coke's ability to pay its financial obligations coming due in the next 12 months? Equity 41. How much money has Coke raised by issuing shares to investors? Combine the common stock and capital surplus accounts to determine this amount. 42. How much retained earnings did Coke report? Note: Coke refers to its retained earnings using a different name. Cash Flows 43. How much in cash and cash equivalents did Coke report? 44. What noncash items does Coke classify as cash equivalents? (Note 1, page 75) 45. Did Coke use the direct or indirect method to prepare the operating section of its statement of cash flows? 46. How much did Coke pay in cash dividends during the year? 47. What is Coke's net cash from (a) operating, (b) investing, and (c) financing activities? 48. Based on the relative signs and magnitudes of Coke's operating, investing, and financing cash flows (i.e., your three answers to the previous question), do you think Coke is in a strong financial position? Explain with one or two sentences. Audit of the Financial Statements 49. Which firm audited Coke's financial statements? 50. Did the auditor offer an unqualified opinion, qualified opinion, adverse opinion, or disclaimer of opinion? Note: an unqualified opinion means the auditor determined the financial statements are in compliance with applicable accounting rules. If you can't find this report, try searching the 10-K for "qualified". Find the Investors section of the Coca-Cola website and download Coke's Form 10-K for 2019, which was released on February 24, 2020. Briefly answer the following questions using the information provided. Complete sentences are not required. Unless otherwise noted, the relevant information is contained in Item 8, "Financial Statements and Supplementary Data," which begins on page 67. Also, unless otherwise noted, the questions relate to fiscal year 2019. General Company Information 1. How many brands of beverages does Coke own or license? (Item 1) 2. In how many countries and territories are Coke products sold? (Item 1) 3. How many employees does Coke have? (Item 1) 4. Of the 46 risk factors Coke discusses in Item 1A, which is most significant in your opinion? You don't need to explain why, just pick one that sounds risky. Revenues and Expenses 5. How much revenue (i.e., net operating revenues) did Coke report for the year? 6. How much did Coke's net operating revenue grow compared to the prior year, in dollars and as a percentage? 7. How much of this percentage growth was attributable to an increase in sales volume, as opposed to price or product mix changes, foreign currency fluctuations, or business acquisitions? (Page 47). 8. What is Coke's gross profit margin? How much did it increase or decrease compared to 2018? 9. What are the two main types of products that Coke markets, manufactures, and sells? (Note 10. Which of Coke's product sales tend to produce higher profit margins? (Note 3) 11. Outside the United States, did Coke sell more in concentrates or finished products? (Note 3) 12. During which quarter did Coke report the highest amount of revenues? (Page 143) 13. When does Coke recognize revenue in the income statement? (Find, read, copy, then paste the sentence on page 41 that discusses when control of products transfers to customers) 14. How much did Coke report as selling, general, and administrative expenses? 15. What are the primary three expenses included in selling, general and administrative expense? (Page 50) 16. How much depreciation expense did Coke recognize in the income statement? (Note 1) 17. How to hide a billion dollars: Which line on Coke's income statement includes depreciation expense? Note: you have to make an educated guess because Coke doesn't explicitly tell you. 18. What is Coke's operating income? 19. How much of Coke's operating income was generated in Latin America? (Note 21) 20. What is Coke's effective tax rate? Estimate it as tax expense divided by pretax income. Assets 21. How much is Coke owed by customers for purchases already made as of year end? 22. Of the amount owed by customers, how much does Coke expect to eventually collect in cash (i.e., from customers that don't default on their payments)? 23. Why does Coke think its risk associated with customer nonpayment is "limited? (Note 1, page 75) 24. On average, how many days does it take for Coke to collect accounts receivable from customers? Estimate this using the days sales outstanding ratio. Use net accounts receivable amounts in the calculation, i.e., the numbers presented in the 2019 column of the balance sheet. 25. How much inventory does Coke have on hand as of fiscal year end? 26. What percent of Coke's inventory is finished and ready to be sold (compared to, for example, raw materials it plans to use to produce inventory)? (Note 5) 27. On average, how many days does Coke hold inventory before selling it? Estimate this using the days inventory outstanding ratio. 28. How much in fixed assets (i.e., PP&E) did Coke report on its balance sheet? 29. What percent of Coke's fixed assets are (a) buildings, (b) machinery and equipment, and (c) land? Use the gross amounts (i.e., before depreciation) listed in Note 8. 30. Over what period of time does Coke depreciate its (a) buildings, (b) equipment, and (c) land? (Note 1, page 76) 31. How much in intangible assets did Coke report? 32. Search the internet for a recent estimate of the value of the Coca-Cola brand. How much is it 32. Search the internet for a recent estimate of the value of the Coca-Cola brand. How much is it worth? Does Coke include the full value of its brand name as an intangible asset on its balance sheet? Liabilities 33. How much does Coke owe to suppliers for purchases it has made? (Note 10) 34. On average, how many days does it take for Coke to pay amounts due to suppliers? Estimate this using the days payables outstanding ratio. 35. Why did the days payables outstanding ratio increase as much as it did in 2019? (Note 10 footnote) 36. How much does Coke owe its employees for work already performed? (Note 10) 37. How much money does Coke owe to creditors for money it has borrowed? Include both current and noncurrent amounts of loans and long-term debt. 38. Of Coke's long-debt debt, how much will be due in 2023? (Note 12) 39. How much Coke owe to the government for income taxes? Include both current and noncurrent amounts of income tax liabilities. 40. What is Coke's current ratio? What does Coke's ratio tell you about Coke's ability to pay its financial obligations coming due in the next 12 months? Equity 41. How much money has Coke raised by issuing shares to investors? Combine the common stock and capital surplus accounts to determine this amount. 42. How much retained earnings did Coke report? Note: Coke refers to its retained earnings using a different name. Cash Flows 43. How much in cash and cash equivalents did Coke report? 44. What noncash items does Coke classify as cash equivalents? (Note 1, page 75) 45. Did Coke use the direct or indirect method to prepare the operating section of its statement of cash flows? 46. How much did Coke pay in cash dividends during the year? 47. What is Coke's net cash from (a) operating, (b) investing, and (c) financing activities? 48. Based on the relative signs and magnitudes of Coke's operating, investing, and financing cash flows (i.e., your three answers to the previous question), do you think Coke is in a strong financial position? Explain with one or two sentences. Audit of the Financial Statements 49. Which firm audited Coke's financial statements? 50. Did the auditor offer an unqualified opinion, qualified opinion, adverse opinion, or disclaimer of opinion? Note: an unqualified opinion means the auditor determined the financial statements are in compliance with applicable accounting rules. If you can't find this report, try searching the 10-K for "qualifiedStep by Step Solution
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