Now: Examine the annual report for the company you have selected for your Financial Statement Analysis Report, and answer the following questions for the most recent year provided in the financial statements.

1. What is the total revenue? Gross profit?

2. What was total expenses?

3. What was the largest expense for your company? Why do you think that is?

4. Do they pay interest? If yes, what is the total for interest expense?

5. What is the amount of depreciation? What method did they use to calculate depreciation?

12 Months Ended CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2017 Revenues $ 37,266 $ 34,300 $36,212 Cost of Goods and Services Sold 14,619 13,067 13,721 GROSS PROFIT 22,647 21,233 22,491 Selling, General and Administrative Expense 12,103 11,002 12,834 Other Cost and Expense, Operating 458 1,079 1,902 OPERATING INCOME 10,086 9,152 7,755 Interest income 563 689 679 Interest expense 946 950 853 Equity income (loss) - net 1,049 1,008 1,072 Other Income (loss) - net 34 (1,674) (1,763) INCOME BEFORE INCOME TAXES 10,786 8,225 6,890 Income taxes 1,801 1,749 5,607 CONSOLIDATED NET INCOME 8,985 6,476 1,283 Net Income (Loss) Attributable to Noncontrolling Interest 65 42 35 NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 8,920 $ 6,434 $ 1,248 BASIC NET INCOME PER SHARE (in dollars per share) $ 2.09 $ 1.51 $ 0.29 DILUTED NET INCOME PER SHARE (in dollars per share) $2.07 $ 1.50 $ 0.29 AVERAGE SHARES OUTSTANDING (in shares) 4,276 4,259 4,272 Effect of dilutive securities (in shares) 38 40 52 AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) 4,314 4,299 4,324