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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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