Coca-Cola's balance sheet for December 1998 is summarized below (in millions of dollars) Cash and Near Cash

Coca-Cola's balance sheet for December 1998 is summarized below (in millions of dollars)
  

 

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Cash and Near Cash Marketable Securities Accounts Receivable Other Current Assets Current Assets Long-term investments Depreciable Fixed Assets Nondepreciable Fixed Assets Accumulated Depreciation Net Fixed Assets Other Assets Total Assets $1,648 159 1,666 2,017 $6,380 $1,863 5.486 199 2,016 $3,669 7,233 $19,145 Accounts Payable Short-term Borrowings. Other Short-term Liabilities Current Liabilities Long-term Borrowings Other Long-term Liabilities Noncurrent Liabilities Share Capital (Paid-in) Retained Earnings Shareholder Equity Total Liabilities & Equity $3,141 4,462 1,037 $8,640 $687 1,415 2.102 3,060 5,343 8.403 $ 19,145 Cash and Near Cash Marketable Securities Accounts Receivable Other Current Assets Current Assets Long-term investments Depreciable Fixed Assets Nondepreciable Fixed Assets Accumulated Depreciation Net Fixed Assets Other Assets Total Assets $1,648 159 1,666 2,017 $6,380 $1,863 5.486 199 2,016 $3,669 7,233 $19,145 Accounts Payable Short-term Borrowings. Other Short-term Liabilities Current Liabilities Long-term Borrowings Other Long-term Liabilities Noncurrent Liabilities Share Capital (Paid-in) Retained Earnings Shareholder Equity Total Liabilities & Equity $3,141 4,462 1,037 $8,640 $687 1,415 2.102 3,060 5,343 8.403 $ 19,145

Answer rating: 100% (QA)

a Marketable Securities and Cash and Near Cash are likely to be assessed closest to market value Marketable securities typically consist of publicly t... View the full answer