Use the following to answer questions 1-4 The following information was taken fr

Question

Use the following to answer questions 1-4 The following information was taken from the financial statements of Coca-Cola for the years 2016 and 2017: Income Statement Net Sales Revenues 2017 2016 Cost of goods sold Selling, administrative and general expenses 14,324 7.488 Other Operating income 221 Other revenues (expenses) including interest expense S196 million in 2004 and $178 million in 2003 5,495 148 Income before taxes 6.222 Net income Balance Sheet S 3,362 120 Cash and cash S 6,707 61 Marketable securities 2,171 1,420 Accounts receivables, net Inventories 12,094 8,396 Total current assets 5,897 355 Equity method investments 314 Cost method investments Other assets 9.306 6,091 3.836 8,860 6,097 Property,plant and equipment, net Trademarks and other intangibles Total assets Current liabilities Long-term debt 7.886 2,517 10,971 1,157 15,39213,252 Total liabilities Total stockholders' equity Total liabilities and stockholders' equity

Explanation / Answer

Answer is C

Particulars Amt Cash and Cash Equivalents      6,707.00 Marketable Securities            61.00 Account Receivables      2,171.00 Inventories      1,420.00 Prepaid expenses and other assets      1,735.00 Total Current Assets (A)    12,094.00 Total Currenet Liabilities (B)    10,971.00 Current Ratio (A/B)              1.10

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