Question
Question 5 The Cola Company reported the following comparative information at December 31, 2017, and December 31, 2016 (amounts in millions and adapted): 2017 2016
Question 5 The Cola Company reported the following comparative information at December 31, 2017, and December 31, 2016 (amounts in millions and adapted): 2017 2016 Current Assets $21,579 $17,552 Total Assets 72,921 48,671 Current Liabilities 18,508 13,721 Total Shareholder Equity 31,317 25,346 Net Sales 35,119 30,990 Net Income 11,809 6,824 Requirements 1. Calculate the following ratios for 2017 and 2016: a. Current ratio b. Debt ratio 2. At the end of 2017, The Cola Company issued $1,590 million of long-term debt that was used to retire short-term debt. What would the current ratio and debt ratio have been if this transaction had not been made
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started