A B C D 1 CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions Dec. 31, 2020 Dec. 31, 2019 Percentage Change 2 CURRENT ASSETS 3 Cash and cash equivalents $6795 $6480 4 Short-term investments 1771 1467 5 TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 8566 7947 6 Marketable securities 2348 3228 7 Trade accounts receivable, less allowances of $526 and $524, respectively 3144 3971 8 Inventories 3266 3379 9 Prepaid expenses and other assets 1916 1886 10 TOTAL CURRENT ASSETS 19 240 20411 11 EQUITY METHOD INVESTMENTS 19 273 19025 12 OTHER INVESTMENTS 812 854 13 OTHER ASSETS 6184 6075 14 Deferred Income Tax Assets 2460 2412 15 PROPERTY, PLANT AND EQUIPMENT-net 10 777 10838 16 TRADEMARKS WITH INDEFINITE LIVES 10 395 9266 17 GOODWILL 17 506 16764 18 OTHER INTANGIBLE ASSETS TOTAL ASSETS 19 20 CURRENT LIABILITIES 21 Accounts payable and accrued expenses 22 Notes and Loans Payable, Current 23 Current maturities of long-term debt 24 Accrued income taxes TOTAL CURRENT LIABILITIES 25 26 LONG-TERM DEBT 27 OTHER LIABILITIES 28 Deferred Income Tax Liabilities 29 THE COCA-COLA COMPANY SHAREOWNERS' EQUITY 30 Common stock, $0.25 par value; authorized-11,200 shares; issued - 7,040 shares 31 Capital surplus 32 Reinvested earnings 33 Accumulated other comprehensive income (loss) 34 Treasury stock, at cost -2,738 and 2,760 shares, respectively 35 EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY 36 EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS TOTAL EQUITY 37 38 TOTAL LIABILITIES AND EQUITY 649 87 296 736 86 381 What is the percentage change of total assets? (Show calculations) 11 145 11312 2 183 10994 485 4253 788 14 601 414 26973 What is the percentage change of current Liabilities? (Show calculations) 40 125 27516 9453 8510 1833 2284 1760 1760 17 601 17 154 66 555 65 855 (14 601) (13 544) (52016) 19 299 1985 21284 (52 244) 18981 2117 21098 What is the percentage change of total equity? (Show calculations) $87296 $86381 DO THREE RATIO CALCULATIONS: Ratio 1 (Include Formula, calculations and findings): Ratio 2 (Include Formula, calculations and findings): Ratio 3 (Include Formula, calculations and findings): Identify one strength and weakness and make recommendations for future improvement: Balance Sheet Income Statement + 12 Months Ended CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions evenues Dec. 31, 2020 $ 33 014 Dec. 31, 2019 ost of Goods and Services Sold ROSS PROFIT elling, General and Administrative Expense ther Cost and Expense, Operating PERATING INCOME terest income terest expense quity income (loss) - net 2ther income (loss) - net 3NCOME BEFORE INCOME TAXES come taxes 5 ONSOLIDATED NET INCOME Percentage Change $37 266 What is the percentage change of Revenue? (Show calculations) 13 433 14 619 19 581 22 647 9 731 853 8 997 12 103 458 10 086 What is the percentage change of Operating Income? (Show calculations) 370 1 437 563 946 What is the percentage change of Interest Expense? (Show calculations) 978 841 1049 34 9 749 10 786 1981 1 801 7 768 Set Income (Loss) Attributable to Noncontrolling Interest 7 ET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY BASIC NET INCOME PER SHARE (in dollars per share) ILUTED NET INCOME PER SHARE (in dollars per share) VERAGE SHARES OUTSTANDING (in shares) ffect of dilutive securities (in shares) 2VERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) 21 $7747 $ 1,80 $1,79 4 295 28 4 323 8 985 65 $8 920 $2,09 $2,07 4 276 38 4 314 DO THREE RATIO CALCULATIONS: Ratio 1 (Include Formula, calculations and findings): Ratio 2 (Include Formula, calculations and findings): Ratio 3 (Include Formula, calculations and findings): Identify one strength and weakness and make recommendations for future improvement: Balance Sheet Income Statement + Main task Company Coca Cola (Balance Sheet and Income statement attached to Moodle week 1) Consider the annual reports of Coca Cola for a period of 2 years (2019 and 2020). Using the different financial ratios, we covered in this course you are required to compare year 2019 with 2020. Question 1: For the Balance sheet: A. What is the percentage change of total assets? (Show calculations) B. What is the percentage change of current Liabilities? (Show calculations) C. What is the percentage change of total equity? (Show calculations) D. Include 3 Ratio calculations for the balance sheet and show your formulas and calculations and explain your findings of each ratio. E. Identify one strength and weakness and make recommendations for future improvement. Question 2: For the Income Statement A. What is the percentage change of Revenue? (Show calculations) B. What is the percentage change of Operating Income? (Show calculations) C. What is the percentage change of Interest Expense? (Show calculations) D. Include 3 Ratio calculations for the income statement and show your formulas and calculations and explain your findings of each ratio. E. Identify one strength and weakness and make recommendations for future improvement