(Solved): Debt-to-Assets Ratios 1) Calculate the quality of the debt-to-assets ratios for Coca Cola Company. ...

Debt-to-Assets Ratios

1) Calculate the quality of the debt-to-assets ratios for Coca Cola Company.

2) Explain the quality of the debt-to-assets ratios for the Coca Cola company.

December 31, 2020 Current Assets Cash and cash equivalents ASSETS Short-term investments Total Cash, Cash Equivalents and Short-Term Investments Marketable securities Trade accounts receivable, less allowances of $$\$526$$ and $$\$524$$, respectively Inventories Prepaid expenses and other assets Total Current Assets \begin{tabular}{r} $$\$6,795$$ \\ $$1,771$$ \\ \hline $$8,566$$ \\ $$2,348$$ \\ $$3,144$$ \\ $$3,266$$ \end{tabular} Equity method investments Other investments Other assets Deferred income tax assets Property, plant and equipment $$?$$ net Trademarks with indefinite lives Goodwill Other intangible assets Total Assets $$\begin{array}{r}1,916\\ 19,240\end{array}$$ 19,273 812 Total Assets LIABILITIES AND EQUITY Current Liabilities Accounts payable and accrued expenses Loans and notes payable Current maturities of long-term debt Accrued income taxes Total Current Liabilities Long-term debt Other liabilities Deferred income tax liabilities The Coca-Cola Company Shareowners' Equity \begin{tabular}{lr} Common stock, S0.25 par value; authorized-11,200 shares; issued-7,040 shares & $$1,760$$ \\ Capital surplus & $$17,601$$ \\ Reinvested earnings & $$66,555$$ \\ Accumulated other comprehensive income (loss) & $$(14,601)$$ \\ Treasury stock, at cost - 2,738 and 2,760 shares, respectively & $$(52,016)$$ \\ \hline Equity Attributable to Shareowners of The Coca-Cola Company & $$19,299$$ \\ Equity attributable to noncontrolling interests & $$1,985$$ \\ \hline Total Equity & $$21,284$$ \\ \hline Total Liabilities and Equity & $$\$87,296$$ \\ \hline \end{tabular}