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2017 Amount The Coca Cola Company December 31, CONSOLIDATED BALANCE SHEETS Dollars in millions 2018 ASSETS Amount CS% Contecats Current assets Cash and cash equivalents 8,926 Short-term investments 2,025 Accounts receivables 3,396 Inventories 2,766 Prepaid expenses & other current assets 13,521 Total current assets 30,634 6,006 9,352 [A] 2,655 14,865 36,545 8,232 8,203 [B] 7,007 10,263 27,080 83,216 9,401 26,512 [C] $ $ $ Property, plant & equipment, net Intangible assets, net Goodwill Other non-current assets Total assets LIABILITIES Current liabilities Accounts payable & accrued expenses Short-term debt obligations Other current liabilities Total current liabilities Long-term debt obligations Other non-current liabilities Total liabilities STOCKHOLDERS' EQUITY Contributed capital Retained earnings Treasury stock & other Total stockholders' equity Total liabilities & stockholders' equity 8,932 18,191 2,100 29,223 25,364 9,571 64,158 8,748 [D] 1,943 27,194 31,182 10,543 [E] 18,280 63,234 (62,456) 19,058 $ 83,216 17,624 [E] (59,077) 18,977 [G]

Answer 1

Correct Answer:

The Coca-Cola Company
Consolidated balance sheets
Dollar in millions
Assets	Amount	CS%	Amount
Current assets
Cash and cash equivalents	$        8,926.0		$        6,006.0
short-term investments	$        2,025.0		$        9,352.0
Account receivables	$        3,396.0		$        3,667.0
Inventories	$        2,766.0		$        2,655.0
Prepaid expenses & other current assets	$      13,521.0		$      14,865.0
Total current assets	$      30,634.0		$      36,545.0
Property, plant & equipment, net	$        8,232.0		$        8,203.0
Intangible assets , net	$        7,007.0		$      43,780.0
Goodwill	$      10,263.0		$        9,401.0
Other non-current assets	$      27,080.0		$     26,512.0
Total assets	$      83,216.0		$      87,896.0
Liabilities
Current liabilities
Account payable & accrued expenses	$        8,932.0	10.7%	$        8,748.0
Short-term debt obligations	$      18,191.0	21.9%	$      16,503.0
Other current liabilities	$        2,100.0	2.5%	$        1,943.0
Total current liabilities	$      29,223.0	35.1%	$      27,194.0
Long-term debt obligations	$      25,364.0	30.5%	$      31,182.0
other non-current liabilities	$        9,571.0	11.5%	$      10,543.0
Total liabilities	$      64,158.0	77.1%	$      68,919.0
Stockholders' Equity
Contributed capita;	$      18,280.0		$      17,624.0
Retained earnings	$      63,234.0		$      60,430.0
Treasury stock & other	$   (62,456.0)		$   (59,077.0)
Total stockholders' equity	$      19,058.0		$      18,977.0
Total liabilities & stockholders' equity	$      83,216.0		$      87,896.0

requirement b:

$        3,667.0	A
$      43,780.0	B
$      87,896.0	C
$      16,503.0	D
$      68,919.0	E
$      60,430.0	F
$      87,896.0	G

Requirement 3:

	Current Assets	/	Current Liabilities	=	Current Ratio
31 December 2018	$ 30,634.0	/	$ 29,223.0	=	1.05
31 December 2017	$ 36,545.0	/	$ 27,194.0	=	1.34

4) Coca-Cola’s current ratio which measures the company’s’ Liquidity position has Deteriorated from December 32, 2017 to December 31, 2018.

5)

	Total Liabilities	/	Total Assets	=	Debt Ratio
31 December 2018	$ 64,158.0		$ 83,216.0	=	0.77
31 December 2017	$ 68,919.0		$ 87,896.0	=	0.78

6) Coca-Cola’s Debt ratio which measures the company’s’ Solvency position has Improved from December 32, 2017 to December 31, 2018.

7) intangible assets in the balance sheet clearly shows that Coca-Cola has recently acquired another company.

End of answer.

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