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The following information came from a recent balance sheet of The Coca Cola, Co. End of Year Beginning of Year Assets $ 87.9 billion $
The following information came from a recent balance sheet of The Coca Cola, Co. End of Year Beginning of Year Assets $ 87.9 billion $ 87.3 billion Liabilities $ 68.9 billion ? Owners' Equity ? $ 23.2 billion a. Determine the amount of total liabilities reported in Coca-Colas balance sheet at the beginning of the year. b. Determine the amount of total owners equity reported in Coca-Colas balance sheet at the end of the year. c. Retained earnings was reported in Coca-Colas year-end balance sheet at $60.4 billion. If retained earnings was $65.5 billion at the beginning of the year, determine net income for the year if a $6.3 billion dividend was declared during
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