The following data are derived from the 2011, 2010, and 2009 annual reports of The Coca-Cola Corporation. Dollar amounts are in millions.

1. Complete the following condensed income statements for 2011 and 2009. Round to the nearest million.

2. Compute the following for 2011 and 2009:
a. Return on total assets (computed as EBIT to average total assets)
b. Net income-to-sales ratio
c. Average stockholders’ equity
3. Compare the ratios for 2011 with those for2009.

2011 27.1% 25.5% 2010 38.1% 42.6% 2009 Rate of return on stockholders' equity EBIT-to-sales ratio Total asset turnover (Sales Average total assets) Average total assets Interest expense Income tax expense 27.5% 30.0% 69 $76,448 $50,796 $44,595 $733 355 2,805 2,384 2,040 61 58 $ 417 2011 2009 Sales Expenses other than interest and taxes EBIT Interest expense Pretax income Income tax expense Net income