Please carefully read the Financial Statements and accompanying notes of the Coca Cola Company for 2019 and answer the following questions related to the income statement, comprehensive income statement (Due 12/01/20) (1) Write an equation (using the actual numbers on the income statement) that shows how operating income is computed by the Coca Cola Co. (2) What Item(s) are included as part of other income/gain/expense/loss by Coca cola? (3) What does the net income attributable to non-controlling interests represent? (4) How was the basic net income per share of $0.29 for 2019, computed? (5) What are the two major components of comprehensive income and what is the amount (in dollars) of each component for 2019g one statement or the two statement approach of reporting the components of comprehensive income? (6) What items of other comprehensive income did Coca Cola report? (7) Give three examples of income statement related accounting policy disclosures by Coca- Cola CONSOLIDATED STATEMENTS OF INCOME (to mi perhat Ne Operating Rennes Cost of poods sold Gros Prati Selles, real and diverses Othet operating charges Operating Income Dol 1103 14.00 MAT 11.10 2017 16112 11,1 H.1005 11.067 2113 11. 100 9.00 10.06 563 12 1,03 2,51 70 950 1.000 16 0221 se expect Equity income dow) Other income (los) The Before Inca Tanes Income taxes Consolidated Net Income LeNet.com(s) tributable to controller Net Income Attributable to share of The Coca-Cola Company Basic Net Income Per Sharel Diluted Net Income Per Share Arvrage Share Outstanding --Back Efeet of his securities Average Shares Outstanding - Diluted Calculated based on the table to the Coca-Cola Copy Refer to Notes to Cosicidated States 10 34 10.758 1,301 5,995 45 9205 25 2.075 21 15 TE 40 6.15 33 $ 5 5 1565 +314 24 THE COCA COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME milli 39855 TE (56) VID Cated Net lace Other bensive income Net in cutie de Ne gi osses) o derivatives Nel change and do sle-for-sale Nel change pe ind other benefit Total Comprehensive Income Les Congressive incontro con inters Total Comprehensive Iaccar Annibatable to Shareowners of The Coca Cola Company Refer to Natuto Comandate Financial States 1938 (133) (15 110 95 NT'S 431 THE COCA-COLA COSEPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In millions except per share data) 2019 $ 37,266 $ 14,619 22,647 12,103 458 10,086 563 Year Ended December 31, Net Operating Revenues Cost of goods sold Gross Profit Selling, general and administrative expenses Other operating charges Operating Income Interest income Interest expense Equity income (loss) - net Other income (loss) - net Income Before Income Taxes Income taxes Consolidated Net Income Less: Net income (loss) attributable to noncontrolling interests Net Income Attributable to Shareowners of The Coca-Cola Company Basic Net Income Per Share: Diluted Net Income Per Shares Average Shares Outstanding Basic 2018 34,300 $ 13,067 21,233 11,002 1,079 9,152 689 950 1,008 (1,674) 8,225 1,749 6,476 42 2017 36,212 13,721 22,491 12,834 1,902 7,755 679 853 1,072 (1,763) 6,890 5,607 1.283 35 946 1,049 34 10,786 1,801 8,985 65 S S 8,920 $ 2.09 $ 2.07 $ 4,276 6,434 $ 1.51 $ 1.50 $ 4,259 1,248 0.29 0.29 4,272 S 40 Etfect of dilutive securities 38 Average Shares Outstanding -- Diluted 4,314 Calculated based on net income attributable to shareowners of The Coca-Cola Company Refer to Notes to Consolidated Financial Statements. 52 4,324 4,299 68 2017 2018 6,476 $ 1,283 THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Year Ended December 31 2019 Consolidated Net Income 8,985 $ Other comprehensive incomo: Net foreign currency translation adjustments 74 Net gains (losses) on derivatives (54) Net change in unrealized gains (losses) on available-for-sale securities 18 Net change in pension and other benefit liabilities (159) Total Comprehensive Income 8,864 Less: Comprehensive income attributable to noncontrolling interests 110 Total Comprehensive Income Attributable to Shareowners of The Coca-Cola Company S 8.754 $ Refer to Notes to Consolidated Financial Statements (2,035) (7) 361 (433) 188 (34) 29 322 2,221 4,429 95 73 4,334 S 2,148 69