Determine Return on assets for 2020,2019 & 2018.

Return on Assets=NI + {Interest Expense * (1-Tax)} / Avg TA

  

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Acid-test ratio (CA-inventory-prepaid)/CL Current ratio (CA/CL) Debt ratio Earnings per share Inventory turnover Net income ($ in millions) Accounts Receivables turnover Return on assets Operating income percentage Revenues ($ in millions) Working capital ($ in millions) CA-CL The Coca-Cola Company Selected Financial Data For years ended December 31 2020 2019 0.96 1.32 0.17 1.8 1.01 $ 7,747 2.32 27.25% $ 33,014 4,639 0.56 0.76 0.31 2.09 1.13 $ 8,920 2.43 27.06% $ 37,266 (6,562) 2018 0.69 0.87 0.35 1.51 4.25 $ 6,434 9.31 26.68% $ 34,300 (3,852) Acid-test ratio (CA-inventory-prepaid)/CL Current ratio (CA/CL) Debt ratio Earnings per share Inventory turnover Net income ($ in millions) Accounts Receivables turnover Return on assets Operating income percentage Revenues ($ in millions) Working capital ($ in millions) CA-CL The Coca-Cola Company Selected Financial Data For years ended December 31 2020 2019 0.96 1.32 0.17 1.8 1.01 $ 7,747 2.32 27.25% $ 33,014 4,639 0.56 0.76 0.31 2.09 1.13 $ 8,920 2.43 27.06% $ 37,266 (6,562) 2018 0.69 0.87 0.35 1.51 4.25 $ 6,434 9.31 26.68% $ 34,300 (3,852)

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To calculate the Return on Assets for the years 2020 2019 and 2018 based on the given formula Return ... View the full answer