Question: Based on the findings in the income and balance statement calculate the following ratios,

Working Capital

Current Ratio

Acid Test Ratio

Cash Ratio

Long-Term Solvency or Financial Leverage

Times Interested Earned

Fixed Charge Coverage

Debt Ratio

Debt: Equity Ratio

Income Statement:

These are my findings, did I calculate correctly?

2019 2018 $ $ 37,266 14,619 22,647 12,103 458 10,086 2017 36,212 13,721 22,491 12,834 1,902 7,755 679 10006 563 946 853 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 Share Average Shares Outstanding Basic Effect of dilutive securities Average Shares Outstanding - Diluted 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 6.434 $ 1.51 $ 1.50 $ 4.259 40 4,2994 1,072 (1,763) 6,890 5,607 1,283 35 1,049 34 10,786 1,801 8,985 65 8.920 2.09 2.07 4,276 38 4,314 $ $ $ 1.248 $ $ $ 0.29 0.29 4,272 52 ,324 Calculated based on net income attributable to share owners of The Coca Cola Company THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions except par value) December 31, 2019 2018 $ 6,480 $ 1,467 7,947 3,228 3,971 3,379 1,886 20,411 19,025 854 6,075 2,412 10,838 9,266 109 16,764 627 86,381 $ 9,077 2,025 11,102 5,013 3,685 3,071 2,059 24,930 19,412 867 4,148 2,674 9,598 6,682 51 14,109 745 83,216 $ 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 $524 and $501, respectively Inventories Prepaid expenses and other assets Total Current Assets Equity method investments Other investments Other assets Deferred income tax 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 Total Current Liabilities Long-term debt Other liabilities Deferred income tax liabilities The Coca-Cola Company Shareowners' Equity Common stock, $0.25 par value; authorized - 11,200 shares; issued - 7,040 shares Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, at cost - 2,760 and 2,772 shares, respectively Equity Attributable to Shareowners of The Coca-Cola Company Equity attributable to noncontrolling interests Total Equity Total Liabilities and Equity $ 11,312 $ 10,994 4,253 414 9,533 13,835 5,003 411 28,782 25,376 7,646 2,354 26,973 27,516 8,510 2,284 1,760 17,154 65,855 (13,544) (52,244) 18,981 2,117 21,098 86,381 $ 1,760 16,520 63,234 (12,814) (51,719) 16,981 2,077 19,058 83,216 $ Refer to Notes to Consolidated Financial Statements. Liquidity Ratios Short-Term Debt Paying Ratios Working Capital Current Ratio Acid Test Ratio Cash Ratio Long-Term Solvency or Financial Leverage Times Interested Earned Fixed Charge Coverage Debt Ratio Debt: Equity Ratio Company 12/31/2017 12/31/2018 12/31/2019 9,351,000 -3,852,000 -6,562,000 1.3439 0.8662 0.7567 0.56475693 0.38572719 0.29462796 0.22085754 0.31537072 0.24024024 10.6617336 9.63368421 9.09144197 10.6617336 9.63368421 9.09144197 0.78409711 0.77098154 0.75575647 2.0269 2.32 2.5128 2019 2018 $ $ 37,266 14,619 22,647 12,103 458 10,086 2017 36,212 13,721 22,491 12,834 1,902 7,755 679 10006 563 946 853 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 Share Average Shares Outstanding Basic Effect of dilutive securities Average Shares Outstanding - Diluted 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 6.434 $ 1.51 $ 1.50 $ 4.259 40 4,2994 1,072 (1,763) 6,890 5,607 1,283 35 1,049 34 10,786 1,801 8,985 65 8.920 2.09 2.07 4,276 38 4,314 $ $ $ 1.248 $ $ $ 0.29 0.29 4,272 52 ,324 Calculated based on net income attributable to share owners of The Coca Cola Company THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions except par value) December 31, 2019 2018 $ 6,480 $ 1,467 7,947 3,228 3,971 3,379 1,886 20,411 19,025 854 6,075 2,412 10,838 9,266 109 16,764 627 86,381 $ 9,077 2,025 11,102 5,013 3,685 3,071 2,059 24,930 19,412 867 4,148 2,674 9,598 6,682 51 14,109 745 83,216 $ 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 $524 and $501, respectively Inventories Prepaid expenses and other assets Total Current Assets Equity method investments Other investments Other assets Deferred income tax 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 Total Current Liabilities Long-term debt Other liabilities Deferred income tax liabilities The Coca-Cola Company Shareowners' Equity Common stock, $0.25 par value; authorized - 11,200 shares; issued - 7,040 shares Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, at cost - 2,760 and 2,772 shares, respectively Equity Attributable to Shareowners of The Coca-Cola Company Equity attributable to noncontrolling interests Total Equity Total Liabilities and Equity $ 11,312 $ 10,994 4,253 414 9,533 13,835 5,003 411 28,782 25,376 7,646 2,354 26,973 27,516 8,510 2,284 1,760 17,154 65,855 (13,544) (52,244) 18,981 2,117 21,098 86,381 $ 1,760 16,520 63,234 (12,814) (51,719) 16,981 2,077 19,058 83,216 $ Refer to Notes to Consolidated Financial Statements. Liquidity Ratios Short-Term Debt Paying Ratios Working Capital Current Ratio Acid Test Ratio Cash Ratio Long-Term Solvency or Financial Leverage Times Interested Earned Fixed Charge Coverage Debt Ratio Debt: Equity Ratio Company 12/31/2017 12/31/2018 12/31/2019 9,351,000 -3,852,000 -6,562,000 1.3439 0.8662 0.7567 0.56475693 0.38572719 0.29462796 0.22085754 0.31537072 0.24024024 10.6617336 9.63368421 9.09144197 10.6617336 9.63368421 9.09144197 0.78409711 0.77098154 0.75575647 2.0269 2.32 2.5128