Following Financial Ratios from the below balance sheet and income statements to examine critically the performance of
Fantastic news! We've Found the answer you've been seeking!
Question:
Following Financial Ratios from the below balance sheet and income statements to examine critically the performance of the organization for the F.Y.- 2018-19 & 2019-20.
1. Current Ratio
2. Quick ratio
3. Debt Ratio
4. Debt to equity ratio
5. Interest coverage ratio
6. Gross Profit ratio
7. Net income ratio
8. Price earning ratio
9. ROA
10. ROE
Also comments on the performance of the company of three years.
Three years balance sheets 2018, 2019, 2020
.
Three years Income statements 2018, 2019, 2020
Transcribed Image Text:
(in thousands, except share data) ASSETS Current Assets: Cash and cash equivalents Accounts receivable, trade Allowance for doubtful accounts Accounts receivable from The Coca-Cola Company Accounts receivable, other Inventories Prepaid expenses and other current assets Total current assets Property, plant and equipment, net Leased property under capital leases, net Other assets Goodwill Distribution agreements, net Customer lists and other identifiable intangible assets, net Total assets LIABILITIES AND EQUITY Current liabilities: Current portion of obligations under capital leases Accounts payable, trade Accounts payable to The Coca-Cola Company Other accrued liabilities Accrued compensation Accrued interest payable Total current liabilities COCA-COLA CONSOLIDATED, INC. CONSOLIDATED BALANCE SHEETS Deferred income taxes Pension and postretirement benefit obligations Other liabilities Obligations under capital leases Long-term debt Total liabilities Commitments and Contingencies Equity Convertible Preferred Stock, $100.00 par value: authorized - 50.000 shares; issued - none Nonconvertible Preferred Stock, $100.00 par value: authorized - 50,000 shares; issued - none Preferred Stock, $0.01 par value: authorized - 20,000,000 shares; issued - none Common Stock, $1.00 par value: authorized - 30,000,000 shares; issued - 10,203,821 shares Class B Common Stock, $1.00 par value: authorized - 10,000,000 shares; issued-2,841,132 and 2,820,836 shares, respectively Class C Common Stock, $1.00 par value: authorized - 20,000,000 shares, issued - none Capital in excess of par value Retained earnings Accumulated other comprehensive loss Treasury stock, at cost Common Stock - 3,062,374 shares Treasury stock, at cost: Class B Common Stock-628,114 shares Total equity of Coca-Cola Consolidated, Inc. Noncontrolling interest Total equity Total liabilities and equity December 30, 2018 56 $ See accompanying notes to consolidated financial statements. 13,548 436,890 (9,141) 44,915 30,493 210,033 70,680 797,418 990,532 23,720 115,490 165,903 900,383 16,482 3,009,928 8,617 152,040 112,425 250,246 72,316 6,093 601,737 127,174 85,682 609,135 26,631 1,104,403 2.554,762 10,204 2,839 124,228 359,435 (77,265) (60,845) (409) 358,187 96,979 455,166 3,009,928 December 31, 2017 $ 16,902 396,022 (7,606) 65,996 38,960 183,618 100.646 794,538 1,031,388 29,837 116,209 169,316 913,352 18,320 3,072,960 8,221 197,049 171,042 185,530 72,484 5,126 639,452 112,364 118,392 620,579 35,248 1,088,018. 2,614,053 10,204 2,819 120,417 388,718 (94,202) (60,845) (409) 366,702 92,205 458.907 3.072,960 (in thousands, except share data) ASSETS Current Assets: Cash and cash equivalents Accounts receivable, trade Allowance for doubtful accounts Accounts receivable from The Coca-Cola Company Accounts receivable, other Inventories Prepaid expenses and other current assets Total current assets Property, plant and equipment, net Leased property under capital leases, net Other assets Goodwill Distribution agreements, net Customer lists and other identifiable intangible assets, net Total assets LIABILITIES AND EQUITY Current liabilities: Current portion of obligations under capital leases Accounts payable, trade Accounts payable to The Coca-Cola Company Other accrued liabilities Accrued compensation Accrued interest payable Total current liabilities COCA-COLA CONSOLIDATED, INC. CONSOLIDATED BALANCE SHEETS Deferred income taxes Pension and postretirement benefit obligations Other liabilities Obligations under capital leases Long-term debt Total liabilities Commitments and Contingencies Equity Convertible Preferred Stock, $100.00 par value: authorized - 50.000 shares; issued - none Nonconvertible Preferred Stock, $100.00 par value: authorized - 50,000 shares; issued - none Preferred Stock, $0.01 par value: authorized - 20,000,000 shares; issued - none Common Stock, $1.00 par value: authorized - 30,000,000 shares; issued - 10,203,821 shares Class B Common Stock, $1.00 par value: authorized - 10,000,000 shares; issued-2,841,132 and 2,820,836 shares, respectively Class C Common Stock, $1.00 par value: authorized - 20,000,000 shares, issued - none Capital in excess of par value Retained earnings Accumulated other comprehensive loss Treasury stock, at cost Common Stock - 3,062,374 shares Treasury stock, at cost: Class B Common Stock-628,114 shares Total equity of Coca-Cola Consolidated, Inc. Noncontrolling interest Total equity Total liabilities and equity December 30, 2018 56 $ See accompanying notes to consolidated financial statements. 13,548 436,890 (9,141) 44,915 30,493 210,033 70,680 797,418 990,532 23,720 115,490 165,903 900,383 16,482 3,009,928 8,617 152,040 112,425 250,246 72,316 6,093 601,737 127,174 85,682 609,135 26,631 1,104,403 2.554,762 10,204 2,839 124,228 359,435 (77,265) (60,845) (409) 358,187 96,979 455,166 3,009,928 December 31, 2017 $ 16,902 396,022 (7,606) 65,996 38,960 183,618 100.646 794,538 1,031,388 29,837 116,209 169,316 913,352 18,320 3,072,960 8,221 197,049 171,042 185,530 72,484 5,126 639,452 112,364 118,392 620,579 35,248 1,088,018. 2,614,053 10,204 2,819 120,417 388,718 (94,202) (60,845) (409) 366,702 92,205 458.907 3.072,960
Expert Answer:
Answer rating: 100% (QA)
Based on the provided images of the balance sheets and the statement of comprehensive income lets calculate the financial ratios for CocaCola for the fiscal years 20182019 and 20192020 1 Current Ratio ... View the full answer
Related Book For
Financial Management Theory And Practice
ISBN: 978-0176583057
3rd Canadian Edition
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
Posted Date:
Students also viewed these finance questions
-
The following balance sheet and income statement data were taken from the records of Martland Stores for the year ended December 31, 2018: Prepare the operating section of the statement of cash...
-
The following balance sheet and income statement information includes actual data for 2011 and forecasted data for 2012: Prepare a forecasted statement of cash flows for 2012. Use the indirect method...
-
The Hopewell Pharmaceutical Companys balance sheet and income statement for last year are as follows: *Assume that average accounts receivable are the same as ending accounts receivable. **Assume...
-
The Quality Athletics Company produces a wide variety of sports equipment. Its newest division, Golf Technology, manufactures and sells a single product AccuDriver, a golf club that uses global...
-
Refer to Exercise 22-10. (1) Prepare a contribution margin income statement for Apollo Company showing sales, variable costs, and fixed costs at the break-even point. (2) If the companys fixed costs...
-
Compare/contrast aggregation with composition for a whole part relationship.
-
What are some reasons a potential prospect might not be readily accessible? How far should you go to try to overcome such an accessibility problem before you move to the next lead?
-
Heineken N. V. reports the following information for its Loans and Borrowings as of December 31, 2010, including proceeds and repayments for the year ended December 31, 2010 (euros in millions)....
-
Using the diagnostic scan tool data below, answer the following questions? Image transcription text FAST SCAN TOOL - 2000 Jeep Cherokee XJ 4.0 (S) File Vehicle Options User Library View Help 88 ANDTC...
-
Bob Burley and his brother Buford ran the best restaurant in Dallas, Texas. Many out-of-towners would visit Dallas and go to Burleys Biscuits, Beef, and Veggies for a good wholesome meal. One thing...
-
Question 1 (25 pts): 15 2 5 4 3 2 3 8 12 7 6 Figure 1 A graph for Questions 1, 2, and 3. 5 Find the weight matrix of the graph in Figure 1. Fill in the table below. I
-
Superior Inc. exchanged equipment for three forklifts. The original cost of the equipment was $96,180 and had accumulated depreciation on the date of the exchange of $87,020. The fair value of the...
-
According to Paul Krugman, by each country, specializing in products for which it posses comparative advantage, countries could produce more in total and exchange products for goods that were cheaper...
-
A store purchased 100 notebooks at a price of $4.00 each. It sold 40 notebooks at the regular selling price, 40 at a markdown price of $8.00, and the remaining at cost. a. What was the regular...
-
Northwest Fur Company started 2024 with $106,000 of Inventory on hand. During 2024, $550,000 in Inventory was purchased on account with credit terms of 2/ "/45 All discounts were taken. Purchases...
-
The audit firm Willem & Partners Co is planning a statutory audit of Johnson & Smith Co (the company) for the year ended 31 December 2022. The company produces printers and has been a client of...
-
Foxburg Company has the following information: Work-in-Process Finished Goods Materials Beginning inventory $ 1,050 $ 1,150 $ 1,250 Ending inventory $ 2,200 $ 2,400 $ 3,000 Purchases of materials $...
-
Propose a reasonable mechanism for the following reaction. OH
-
Bremer estimates that if it acquires Quantix, the current target capital structure of 30% debt will be maintained. Synergies will cause the free cash flows to be $3.0 million, $3.3 million, $3.6...
-
Newhouse Enterprises recently issued two types of bonds. The first issue consisted of 15-year straight debt with a 7% annual coupon. The second issue consisted of 15-year bonds with a 5% annual...
-
Joshua & White (J&W) Technologies's financial statements are also shown below. Answer the following questions. (Note: Industry average ratios are provided in Ch03 Build a Model.xlsx.) a. Has J&Ws...
-
If you know the electric field \(\vec{E}\) at some location, how can you determine the magnitude and direction of the electric force exerted by that field on an object carrying a charge \(q\) and...
-
(a) If the particle in Figure 23.6 carries a negative charge \(q (b) Does the electric field created by the particle point toward or away from the particle? (c) If \(q\) and \(q_{2}\) are negative,...
-
(a) If the charge on particle 2 in Exercise 23.1 is doubled so that \(q_{2}=2 q_{1}\), what happens to the direction of the electric field at points \(P_{1}\) through \(P_{4}\) ? (b) If the charge on...
Study smarter with the SolutionInn App