Question: In 3-4 sentences explain what Cola Cola can do to make its balance sheet balance. Be specific 2020 Percentage of Sale 2021 2020 Percentage of
- In 3-4 sentences explain what Cola Cola can do to make its balance sheet balance. Be specific
2020 Percentage of Sale 2021 2020 Percentage of sales 2021 Cash $ 4,000,000.00 14.55% $ 4,330,000.00 Accounts payable $ 12,400,000.00 45.09% $ 13,423,000.00 Accounts receivable $ 10,400,000.00 37.82% $ 11,258,000.00 Notes payable $ 7,500,000.00 $ 7,500,000.00 Inventory $ 22,900,000.00 83.27% $ 24,789,250.00 Total current liabilities $ 20,923,000.00 Total current assets $ 37,300,000.00 $ 40,377,250.00 Long-term debt $ 23,000,000.00 $ 23,000,000.00 Total liabilities $ 42,900,000.00 $ 43,923,000.00 Net PPE $ 47,300,000.00 $ 51,202,250.00 Common stock $ 23,200,000.00 $ 23,200,000.00 Total fixed assets $ 47,300,000.00 $ 51,202,250.00 Retained earnings $ 18,500,000.00 $ 21,003,322.25 Total owners equity $ 41,700,000.00 $ 44,203,322.25 Total Assets $ 84,600,000.00 $ 91,579,500.00 Total liabilities & equity $ 84,600,000.00 $ 88,126,322.25
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