Question: Comparative income statements and balance sheets for shown below ($ millions). Required: a. Use the following ratios to prepare a projected income statement, balance sheet,

Comparative income statements and balance sheets for shown below ($ millions).

Required:

a. Use the following ratios to prepare a projected income statement, balance sheet, and statement of cash flows for Year 3.

b. Based on your initial projections, how much external financing (long-term debt and/or stockholders’ equity) will Coca-Cola need to fund its growth at projected increases in sales?

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