Question: The following data are derived from the 2011 2010 and

The following data are derived from the 2011, 2010, and 2009 annual reports of The Coca-Cola Corporation. Dollar amounts are in millions.

1. Complete the following condensed income statements for 2011 and 2009. Round to the nearest million.

2. Compute the following for 2011 and 2009:
a. Return on total assets (computed as EBIT to average total assets)
b. Net income-to-sales ratio
c. Average stockholders’ equity
3. Compare the ratios for 2011 with those for2009.

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