Using the data from the Coca-Cola 2017 Annual Report (Links to an external site.) financial statements, starting on page 60, prepare a horizontal analysis for the balance sheet for a 2-year period and a vertical analysis for the income statement for a 2-year period. Submit the company financial statements with your analysis. The analysis must show all formula calculations to support your results.

Ratio Analysis

Using the data from the Coca-Cola 2017 Annual Report (Links to an external site.) financial statements, starting on page 60, calculate the following ratios:

Common Stockholders Equity Ratio
Profit Margin Ratio
Cash Ratio
Debt to Equity Ratio
Debt Ratio
Explain how the ratio is calculated and discuss and interpret the ratios that you calculated. Submit a screenshot of the company financial statements as an appendix. The analysis must show all formula calculations to support your results.

Question

Internal controls related to Cash Payments Read Take-Two Interactive Software, Inc. in Knapp cases and discuss on the following questions. 

Discussion Questions

1. Using the financial statements data in Exhibit 1, compute the following financial ratios for Take-Two Interactive and Software and discuss what major “red flags”, if any were present in Take-Two’s financial statements given these ratios. The following financial ratios are often used to assess the risk. Age of Accounts Receivable, Age of Inventory, Gross Profit percentage, Profit Margin percentage, Return on assets, Return on equity, Current ratio, Debt-to-equity ratio, and Quality-of-earnings ratio. The formulas for these ratios are provided here .
2. Identify audit tests that may be used as alternative audit procedures when a response is not received for a positive confirmation request. Discuss the quality of audit evidence yielded by these alternative procedures compared to that produced by audit confirmation procedures.

Instructions:

Read the given discussion questions carefully and provide your response to every question thoroughly, but succinctly, taking a position on the given discussion topics, supporting your argument or suggestions

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