The following information is available for The Coca-Cola Company (in U.S. $ millions): Cost of goods sold Inventories Current assets Current liabilities 2021 Inventory turnover $15,357 3,414 22,545 19,950 2021 2020 8.1 times $13,433 $14,619 3,266 19,240 14,601 2019 In the notes to its financial statements, Coca-Cola disclosed that it uses the FIFO and average cost formulas to determine the cost of its inventory. The industry averages for the inventory turnover, days in inventory, and current ratios are as follows: 2020 10.1 times. 3,379 20,411 26,973

The following information is avaliable for The Coca-Cola Company (in U.S. 5 millions): In the notes to its financial statements, CoCa-Cola disclosed that it uses the FIFO and average cost formulas to determine the cost of its inventory. The industry averages for the inventory turnover, days in imventory, and current ratios are as follows: In the notes to its financial statements, Coca-Cola disclosed that it uses the FIFO and average cost formulas to determine the cost of its inventory. The industry averages for the inventory turnover, days in imventory, and current ratios are as follows: (a1) Calculate Coca-Cola's inventory turnover, days in imventory, and current ratios for 2021 and 2020. (Round imventory fumover and current ratio to 1 decimal place, es. 15.2. Round days in inventory to nearest day. Use 365 days for calculation Calculate CoCa-Cola's imventory turnover, days in inventory, and current ratios for 2021 and 2020. (Round imventory turnover and current ratio to 1 decimal place, es. 15.2. Round days in inventory to nearest day. Use 365 dave fne colo.d