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Using the given income statement of Coca Cola Company : Please calculate Net operating profit before tax(NOPBT), pretax Non-operating expenses , Tax Shield ( Statutory
Using the given income statement of Coca Cola Company :
Please calculate Net operating profit before tax(NOPBT), pretax Non-operating expenses , Tax Shield ( Statutory tax Rate 20%), and Net Operating Profit Margin (NOPM).
Coca- Cola Company | ||||
CONSOLIDATED STATEMENTS OF INCOME(4 Years) - USD ($) shares in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Revenues | $ 37,266 | $ 34,300 | $ 36,212 | $ 41,863 |
Cost of Goods and Services Sold | 14,619 | 13,067 | 13,721 | 16,465 |
GROSS PROFIT | 22,647 | 21,233 | 22,491 | 25,398 |
Selling, General and Administrative Expense | 12,103 | 11,002 | 12,834 | 15,370 |
Other Cost and Expense, Operating | 458 | 1,079 | 1,902 | 1,371 |
OPERATING INCOME | 10,086 | 9,152 | 7,755 | 8,657 |
Interest income | 563 | 689 | 679 | 642 |
Interest expense | 946 | 950 | 853 | 733 |
Equity income (loss) - net | 1,049 | 1,008 | 1,072 | 835 |
Other income (loss) - net | 34 | (1,674) | (1,763) | (1,265) |
INCOME BEFORE INCOME TAXES | 10,786 | 8,225 | 6,890 | 8,136 |
Income taxes | 1,801 | 1,749 | 5,607 | 1,586 |
CONSOLIDATED NET INCOME | 8,985 | 6,476 | 1,283 | 6,550 |
Net Income (Loss) Attributable to Noncontrolling Interest | 65 | 42 | 35 | 23 |
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY | $ 8,920 | $ 6,434 | $ 1,248 | 6,527 |
BASIC NET INCOME PER SHARE (in dollars per share) | $ 2.09 | $ 1.51 | $ 0.29 | $1.51 |
DILUTED NET INCOME PER SHARE (in dollars per share) | $ 2.07 | $ 1.50 | $ 0.29 | $1.49 |
AVERAGE SHARES OUTSTANDING (in shares) | 4,276 | 4,259 | 4,272 | 4,317 |
Effect of dilutive securities (in shares) | 38 | 40 | 52 | 50 |
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) | 4,314 | 4,299 | 4,324 | 4,367 |
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