Current Attempt in Progress

The following information is available for The Coca-Cola Company (in U.S. $ millions):

		2018		2017		2016
Cost of goods sold		$11,770		$13,255		$16,465
Inventories		2,766		2,655		2,675
Current assets		30,634		36,545		34,010
Current liabilities		29,223		27,194		26,532

In the notes to its financial statements, Coca-Cola disclosed that it uses the FIFO and average cost formulas to determine the cost of its inventory. The industry averages for the inventory turnover, days in inventory, and current ratios are as follows:

		2018		2017
Inventory turnover		9.7 times		7.7 times
Days in inventory		38 days		47 days
Current ratio		1.1:1		1.3:1

(a1) Calculate Coca-Colas inventory turnover, days in inventory, and current ratios for 2018 and 2017. (Round inventory turnover and current ratio to 1 decimal place, e.g. 15.2. Round days in inventory to nearest day.)

		Inventory Turnover		Days In Inventory		Current Ratio
2018		times		days		:1
2017		times		days		:1

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