As a group , please answer the following questions sequentially relating to the 2018 annual financial statements of Coca Cola Company (one report from each group ). The report should be written in word document double -spaced with 12 font . 1. Did the average gross margin ratio change from 2017 to 2018? What might have caused the change Locate the note about the accounting for advertising costs and summarize it. How are prepaid advertising costs wrested for accounting purposes ? 3. What are the company's policies regarding the amortization of intangible assets ? 4. Can you determine the cash paid to suppliers in 2018 ? If not, what other information would you need ? 5. Are the financial statements comparative ? Why are comparative statements usually presented ? 6. Are the financial statements consolidated ? What does that mean to you ? 7. Is this a retail , financial or manufacturing company ? 8. How many different kinds Is of revenues are reported ? How many different kinds of expenses are reported ? 9. What were interest expense and interest revenue reported on the income statement ? 10. Were any unusual or infrequently OCCUTTing items reported on the income statements of 2018 and 2017 ? 11 . Was there any indication or discussion of accounting change (either change in accounting policy or accounting estimate )? If so, explain how it was reported and what type of change it was . 12 . What was the profit margin in 2018 and 2017 (i.e., net income divided by sales revenue )? 13. What was the basis used in valuing inventories ? 14. What was the primary depreciation methods used for accounting purposes ? 15. What was the amount of income tax expense for 2018