Question

THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
Year Ended December 31,	2008		2007		2006
(In millions except per share data)
NET OPERATING REVENUES	$31,944		$ 28,857		$ 24088
Cost of goods sold	11,374		10,406		8,164
GROSS PROFIT	20,570		18,451		15,924
Selling, general and administrative expenses	11,774		10,945		9,431
Other operating charges	350		254		185
OPERATING INCOME	8,446		7,252		6,308
Interest income	333		236		193
Interest expense	438		456		220
Equity income (loss) — net	(874)		668		102
Other income (loss) — net	(28)		173		195
INCOME BEFORE INCOME TAXES	7,439		7,873		6,578
Income taxes	1,632		1,892		1,498
NET INCOME	$ 5,807		$ 5,981		$ 5,080
BASIC NET INCOME PER SHARE	$ 2.51		$ 2.59		$ 2.16
DILUTED NET INCOME PER SHARE	$ 2.49		$ 2.57		$ 2.16
AVERAGE SHARES OUTSTANDING	2,315		2,313		2,348
Effect of dilutive securities	21		18		2
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION	2,336		2,331		2,350

Refer to Notes to Consolidated Financial Statements.

Review Coca-Cola's financial statements and answer the following questions:

1. How are Coke's numbers reported (in what denomination)?

For items 2-4, enter the answers as presented (e.g. $24,088 not $24,088,000).

2. What is Coke's net operating revenue for 2008?
$

3. What is Coke's cost of goods sold for 2008?
$

4. What is Coke’s net income 2008?
$

5. What is Coke’s percent of interest expense to net operating revenue on its 2008 income statement? Rounding your answer to two decimal places.
%

6. What is Coke's percent of increase in net operating revenue from 2007 to 2008? Rounding your answer to one decimal place.
%

Answer 1

Question 1 :

How are Coke's number reported?

Coke's numbers are reported in million dollars except per share data. Per share data is reported in actual dollar numbers.

Question 2 :

What is Coke's net operating revenue for 2008?

Net Operating revenue for 2018 = $31,944

Question 3 :

What is Coke's cost of goods sold for 2008?

Coke's cost of goods sold = $11,374

Question 4 :

What is Coke's net Income 2008?

Coke's Net Income 2008 = $5,807

Question 5 :

What is Coke's percent of interest expense to net operating revenue on its 2008 income statement?

Interest expense = $438

Net operating revenue = $31,944

Percent of interest expense to net operating revenue 2008 = $438 / $31,944 * 100 = 1.37%

Question 6 :

What is Coke's percent of increase in net operating revenue from 2007 to 2008?

Net operating revenue 2007 = $28,857

Net operating revenue 2008 = $31,944

Coke' percent of increase in net operating revenue from 2007 to 2008 = ($31,944 - $28,857) / $28,857 * 100                                                                                                                                = $3,087 / $28,857 * 100                                                                                                                                = 10.7%

All the best...