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The Coca-Cola Company Selected Financial Data For years ended December 31 2020 2019 2018 Acid-test ratio (CA-inventory-prepaid)/CL 0.96 0.56 0.69 Current ratio 1.32 0.76 0.87
The Coca-Cola Company | |||
Selected Financial Data | |||
For years ended December 31 | |||
2020 | 2019 | 2018 | |
Acid-test ratio (CA-inventory-prepaid)/CL | 0.96 | 0.56 | 0.69 |
Current ratio | 1.32 | 0.76 | 0.87 |
Debt ratio | 0.76 | 0.76 | 0.77 |
Earnings per share | 1.8 | 2.09 | 1.51 |
Inventory turnover | 4.04 | 4.53 | 4.25 |
Net income ($ in millions) | $ 7,747 | $ 8,920 | $ 6,434 |
Rate of return on assets | 10% | 11% | 9% |
Receivables turnover | 9.28 | 9.74 | 9.31 |
Return on assets | 7.61% | 9.64% | 6.83% |
Operating income percentage | 27.25% | 27.06% | 26.68% |
Revenues ($ in millions) | $ 33,014 | $ 37,266 | $ 34,300 |
Times interest earned ratio | 5.78 | 10.40 | 7.66 |
Working capital ($ in millions) | 4,639 | (6,562) | (3,852) |
1. Using the financial data for 2018-2020 for The Coca-Cola Company discuss the company's: |
a. Ability to pay current liabilities; |
b. Ability to sell inventory and collect receivables; |
c. Ability to pay long-term debt; |
d. Profitability. |
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