Jsing average balances for any balance sheet amounts, profit margin for ROCE, total assets turnover, and capital structure leverage,

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The Coca-Cola Company reported the following financial data (amounts in millions):
Sales
Net income (loss)
Year Ended December 31,
2016 2015 2014
$48,863 $44,294 $45,998
6,527 7,351 7,098
856
483
0
0
35%
Interest expense
733
Preferred stock dividend 0
Income tax rate
December 31:
35%
35%
2016
2015
$87,270 $89,996
Total assets
Preferred stock
0 0
Total common shareholders' equity 23,062 25,554
O c. 14.3%, 0.56, and 3.78.
O d. 13.4%, 0.55, and 3.65.
Using average balances for any balance sheet amounts, profit margin for ROCE, total assets turnover, and capital structure leverage, respectively, are
O a. 13.4%, 0.56, and 3.78.
O b. 14.3%, 0.55, and 3.65.
Transcribed Image Text:The Coca-Cola Company reported the following financial data (amounts in millions): Sales Net income (loss) Year Ended December 31, 2016 2015 2014 $48,863 $44,294 $45,998 6,527 7,351 7,098 856 483 0 0 35% Interest expense 733 Preferred stock dividend 0 Income tax rate December 31: 35% 35% 2016 2015 $87,270 $89,996 Total assets Preferred stock 0 0 Total common shareholders' equity 23,062 25,554 O c. 14.3%, 0.56, and 3.78. O d. 13.4%, 0.55, and 3.65. Using average balances for any balance sheet amounts, profit margin for ROCE, total assets turnover, and capital structure leverage, respectively, are O a. 13.4%, 0.56, and 3.78. O b. 14.3%, 0.55, and 3.65.
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