Please find 1-5 based on the financial statements given above.

4. Equity Method Investments CocaCola 2015 Attached please find Income Statement, Balance Sheet, and footnote 6 on Equity Method Investments from CocaCola's 2015 Annual report. Answer the following questions. Coke owns 28.9% of the subs. 1.How much Goodwill is implicit in Coke's investment? 2. Calculate the ratio of PPE, net/long-term debt (i.e., a non-current ratio). 3. Show the partial consolidation journal entry (you may combine current and non-current accounts into one number). 4. Recalculate the ratio in #2 under partial consolidation. Use Noncurrent assets for PPE-net and Noncurrent liabilities for long-term debt. 5. Assume that Coke purchases an additional $1,000M of the Subs' equity (existing shares; not a new issue). Redo #4 given this new information. THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS 2015 2014 7,309 8,322 15,631 4,269 $ 8,958 9,052 18,010 3,941 4,466 December 31, (In millions except par value) ASSETS CURRENT ASSETS Cash and cash equivalents Short-term investments TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS Marketable securities Trade accounts receivable, less allowances of $352 and $331, respectively Inventories Prepaid expenses and other assets Assets held for sale TOTAL CURRENT ASSETS EQUITY METHOD INVESTMENTS OTHER INVESTMENTS OTHER ASSETS PROPERTY, PLANT AND EQUIPMENT - net TRADEMARKS WITH INDEFINITE LIVES BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES GOODWILL OTHER INTANGIBLE ASSETS TOTAL ASSETS LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses Loans and notes payable Current maturities of long-term debt Accrued income taxes Liabilities held for sale TOTAL CURRENT LIABILITIES LONG-TERM DEBT OTHER LIABILITIES 2,902 3,100 2,752 3,066 3,900 679 33,395 32,986 12,318 9,947 3,470 3,678 4,207 4,407 12,571 14,633 5,989 6,533 6,000 6,689 11,289 12,100 854 1,050 90,093 92,023 S S $ 9,660 $ 9,234 13,129 19,130 2,6773,552 331 400 1,13358 26,930 32,374 28,407 19,063 4,301 4,389 4,691 5,636 DEFERRED INCOME TAXES THE COCA-COLA COMPANY SHAREOWNERS' EQUITY Common stock, $0.25 par value; Authorized - 11,200 shares; Issued 7,040 and 7,040 shares, respectively Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, at cost-2,716 and 2,674 shares, respectively 1,760 1,760 14,016 13,154 65,018 63,408 (10,174) (5,777) (45,066) (42,225) THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS 2015 2014 December 31, (In millions except par value) ASSETSKONIK 7,309 $ 8,958 CURRENT ASSETS Cash and cash equivalents Short-term investments TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS Marketable securities Trade accounts receivable, less allowances of $352 and $331, respectively Inventories Prepaid expenses and other assets Assets held for sale TOTAL CURRENT ASSETS EQUITY METHOD INVESTMENTS OTHER INVESTMENTS NANI OTHER ASSETS PROPERTY, PLANT AND EQUIPMENT - net TRADEMARKS WITH INDEFINITE LIVES BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES GOODWILL OTHER INTANGIBLE ASSETS TOTAL ASSETS LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses Loans and notes payable Current maturities of long-term debt Accrued income taxes Liabilities held for sale TOTAL CURRENT LIABILITIES LONG-TERM DEBT OTHER LIABILITIES 8,322 9,052 15,631 18,010 4,269 3,665 3,941 4,466 2,902 3,100 2,752 3,066 3,900 679 33,395 32,986 12,318 9,947 3,470 3,678 4,207 4,407 12,571 14,633 6,533 6,689 11,289 12,100 854 1,050 90,093 $ 92,023 5,989 6,000 $ 13,129 9,660 $9,234 19,130 2,6773,552 331 400 1,133 58 26,930 32,374 28,407 19,063 4,301 4,389 4,691 5,636 DEFERRED INCOME TAXES THE COCA-COLA COMPANY SHAREOWNERS' EQUITY Common stock, $0.25 par value; Authorized 11,200 shares; Issued - 7,040 and 7,040 shares, respectively Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, at cost-2,716 and 2,674 shares, respectively EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 1,760 1,760 14,016 13,154 65,018 63,408 (10,174) (5,777) (45,066) (42,225) 25,554 30,320 210 241 25,764 30,561 90,093 $ 92,023 $ NOTE 6: EQUITY METHOD INVESTMENTS Our consolidated net income includes our Company's proportionate share of the net income or loss of our equity method investees. When we record our proportionate share of net income, it increases equity income (loss) - net in our consolidated statements of income and our carrying value in that investment. Conversely, when we record our proportionate share of a net loss, it decreases equity income (loss) -- net in our consolidated statements of income and our carrying value in that investment. The Company's proportionate share of the net income or loss of our equity method investees includes significant operating and nonoperating items recorded by our equity method investees. These items can have a significant impact on the amount of equity income (loss) -- net in our consolidated statements of income and our carrying value in those investments. Refer to Note 17 for additional information related to significant operating and nonoperating items recorded by our equity method investees. The carrying values of our equity method investments are also impacted by our proportionate share of items impacting the equity investee's AOCI. We eliminate from our financial results all significant intercompany transactions, including the intercompany portion of transactions with equity method investees. The Company's equity method investments include our ownership interests in Coca-Cola FEMSA, Coca-Cola Hellenic, Coca-Cola Amatil Limited and Monster. As of December 31, 2015, we owned approximately 28 percent, 24 percent, 29 percent and 17 percent, respectively, of these companies' outstanding shares. As of December 31, 2015, our investment in our equity method investees in the aggregate exceeded our proportionate share of the net assets of these equity method investees by This difference is not amortized. A summary of financial information for our equity method investees in the aggregate is as follows (in millions): Year Ended December 31, 2015 Net operating revenues $ 47,498 Cost of goods sold 28,749 Gross profit $ 18,749 Operating income $ 4,483 Consolidated net income $2,299 Less: Net income attributable to noncontrolling interests 65 Net income attributable to common shareowners $ 2,234 Equity income (loss) - net $ 489 The financial information represents the results of the equity method investees during the Company's period of ownership. 2014 $ 52,627 31,810 $ 20,817 S 4,489 2,440 74 $ 2,366 $ 769 2013 $53,038 32,377 $ 20,661 $ 4,380 $ 2,364 62 S 2,302 $ 602 11,820 December 31, 2015 2014 Current assets $ 17,524 $ 16,184 Noncurrent assets 36,498 40,080 Total assets $ 54,022 $ 56,264 Current liabilities $ $ 12,477 Noncurrent liabilities 14,467 16,657 Total liabilities $ 26,287 $ 29,134 Equity attributable to shareowners of investees $ 26,854 $26,363 Equity attributable to noncontrolling interests 881 767 Total equity $ 27,735 $ 27,130 Company equity investment $ 12,318 $ 9,947 Net sales to equity method investees, the majority of which are located outside the United States, were $8,984 million, $10,063 million and $9,178 million in 2015, 2014 and 2013, respectively. Total payments, primarily marketing, made to equity method investees were 3,380 million, $1,605 million and $1,807 million in 2015, 2014 and 2013, respectively. In addition, purchases of beverage products from equity method investees were $1,131 million, $381 million and $415 million in 2015, 2014 and 2013, respectively. The increase in purchases of beverage products in 2015 is primarily due purchases from Monster. Refer to Note 2 for additional information