Question: Problems In the problems below, you can use a market risk premium of 5.5% and a tax rate of 40% where none is specified.
Problems In the problems below, you can use a market risk premium of 5.5% and a tax rate of 40% where none is specified. Coca-Cola's balance sheet for December 1998 is summarized below (in millions of dollars) for Problems 1 through 9: Cash and Near Cash Marketable Securities $1,648 159 Accounts Payable $3,141 Short-term Borrowings 4,462 Accounts Receivable Other Current Assets Current Assets 1,666 Other Short-term Liabilities 1,037 2,017 Current Liabilities $8,640 $6,380 Long-term Borrowings $687 Long-term investments $1,863 Other Long-term Liabilities 1,415 Depreciable Fixed Assets 5,486 Noncurrent Liabilities 2,102 Nondepreciable Fixed Assets 199 Accumulated Depreciation 2,016 Share Capital (Paid-in) 3,060 Net Fixed Assets $3,669 Retained Earnings 5,343 Shareholder Equity 8,403 Other Assets Total Assets 7,233 Total Liabilities & Equity $ 19,145 $19,145
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
