Now: Examine the annual report for the company you have selected for your Financial Statement Analysis Report, and respond to the following questions using the most recent balance sheet provided.

1. What is the total for assets? Liabilities? Owners equity?

2. What is the amount of accounts receivables?

3. What is the amount of inventory? What inventory valuation method (LIFO / FIFO / Average cost) do they use?

4. What is the total for current assets? Long-term assets?

5. What current asset has the largest balance? What Long-term asset has the largest balance?

6. What is the total for current liability? Long-term liability?

7. What is total stockholders' equity? What is the amount of retained earnings?

8. Assets are financed by either liabilities (debt) or stockholders equity. Which is larger debt of stockholders or equity for your company?

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions Dec. 31, 2019 Dec. 31, 2018 CURRENT ASSETS Cash and cash equivalents $6.480 $9.077 Short-term investments 1,467 2025 TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 7,947 11 102 Marketable securities 3 228 5.013 Trade accounts receivable less allowances of $524 and S501, respectively 3.971 3,685 Inventories 3,379 3071 Prepaid expenses and other assets 1 886 2059 TOTAL CURRENT ASSETS 20,411 24.930 EQUITY METHOD INVESTMENTS 19,025 19.412 OTHER INVESTMENTS 854 867 OTHER ASSETS 6,075 4,146 Deferred Tax Assets, Net, Noncurrent 2,412 2,674 PROPERTY, PLANT AND EQUIPMENT - net 10 838 9,598 TRADEMARKS WITH INDEFINITE LIVES 9,266 6682 BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES 109 51 GOODWILL 16,764 14,109 OTHER INTANGIBLE ASSETS 627 745 TOTAL ASSETS 86 381 83,216 CURRENT LIABILITIES Accounts payable and accrued expenses 11,312 9.533 Notes and loans Payable, Current 10994 13835 Current maturities of long-term debt 4.253 5,003 Accrued income taxes 414 411 TOTAL CURRENT LIABILITIES 26,973 28 782 LONG-TERM DEBT 27516 25376 OTHER LIABILITIES 8,510 7.646 DEFERRED INCOME TAXES 2,204 2.354 THE COCA-COLA COMPANY SHAREOWNERS' EQUITY Common stock $0.25 par value authorized - 11,200 shares, issued - 7,040 shares 1,760 1,760 Capital surplus 17,154 16,520 Reinvested canings 65 855 63 234 Accumulated other comprehensive income (1035) (13544) (12 814) Treasury stock, at cost-2.760 and 2,772 shares, respectively (52,244) (51,719) EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY 18,981 16,901 EQUITY ATTRIBUTARLE TO NONCONTROLLING INTERESIS 2.117 2017 TOTAL EQUITY 21 098 19068 TOTAL LIABILITIES AND EQUITY $ 88,381 $ 63.216