Scenario 12: Financial Ratios - Coca-Cola Company

Coca-Cola Company has provided the following financial data for the fiscal year ended December 31, 2023:

• Total Assets: $96,998 million
• Total Liabilities: $79,385 million
• Net Income: $9,216 million
• Total Revenue: $37,268 million
• Total Expenses: $28,052 million
• Average Shareholders' Equity: $17,613 million

Calculate the following financial ratios for Coca-Cola Company:

a) Return on Assets (ROA) b) Return on Equity (ROE) c) Debt-to-Equity Ratio d) Gross Profit Margin e) Net Profit Margin

Interpret each ratio and discuss the financial performance of Coca-Cola Company based on these ratios.