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The following information is available for The Coca-Cola Company (in U.S. $ millions): Cost of goods sold Inventories Current assets Current liabilities Inventory turnover Days in inventory Current ratio (a1) 2021 2021 $15,357 2020 3,414 22,545 Save for Later 19,950 In the notes to its financial statements, Coca-Cola disclosed that it uses the FIFO and average cost formulas to determine the cost of its inventory. The industry averages for the inventory turnover, days in inventory, and current ratios are as follows: 2021 8.1 times 45 days eTextbook and Media 2020 0.9:1 $13,433 $14,619 3,266 Inventory Turnover 19,240 14,601 2020 10.1 times 36 days 2019 Calculate Coca-Cola's inventory turnover, days in inventory, and current ratios for 2021 and 2020. (Round inventory turnover and current ratio to 1 decimal place, e.g. 15.2. Round days in inventory to nearest day. Use 365 days for calculation.) times 3,379 1.1:1 times 20,411 26,973 Days In Inventory IMA days days Current Ratio :1 :1 Attempts: 0 of 2 used Submit Answer

The following information is avallable for The Coca-Cola Company (in U.5. 5 miltions): In the notes to its financial statements, Coca-Cola disclosed that it uses the FIFO and average cost formulas to determine the cost of its inventory. The industry averages for the inventory turnover, days in inventory, and current ratios are as follows: (a1) Cilculate Coca-Cola's inventory turnover, days in inventory, and current ratios for 2021 and 2020 . (Round inventory turnover and current ratio to 1 decimal place, es. 15.2. Round days in inventory to nearest day. Use 365 days for calculation)

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