The following information is available for The Coca-Cola Company (in U.S. 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 inventory, and current ratios are as follows

Instructions
(a) Calculate Coca-Cola's inventory turnover, days in inventory, and current ratios for 2010 and 2009. Comment on the company's liquidity over the two years, and in comparison with the industry.
(b) What might be the reason that Coca-Cola uses more than one cost formula to determine the cost of its inventory?

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Cost of goods sold Inventories Current assets Current liabilities 2010 $12,693 2,650 21,579 18,508 2009 $11,088 2,354 17,551 13,721 2008 $11,374 2,187 12,176 12,988 Inventory turnover Days in inventory Current ratio 2010 7.5 times 49 days 2009 7.1 times 51 days 1.3:1 1.4:1