| What information can be calculated from Coca-Cola’s trial balance?Accounting in the Headlines

What information can be calculated from Coca-Cola’s trial balance?

Coca-Cola, Inc. (NYSE: KO) is a multinational drink company headquartered in Atlanta, Georgia, United States. It is a publicly held corporation.  Coca-Cola operates and reports financial information annually every December 31. To follow is a condensed and adapted trial balance as of December 31, 2022, that was constructed from that trial balance. 

Please note that the accounts have been adapted and condensed for educational use and should not be used for investment decisions.

Note: The trial balance above can also be downloaded in Excel format for enhanced readability and accessibility. The trial balance should not be used for investment decisions; it has been adjusted for educational purposes.

Coca-Cola’s complete, unabridged financial statements can be found on its investor relations website.

View a quick tutorial video about trial balances at this link and then answer the following questions.

Questions (calculate each of the following totals using Coca-Cola’s trial balance)

1. Current assets
2. Total assets
3. Current liabilities
4. Total liabilities
5. Net income
6. Ending retained earnings
7. Total stockholders’ equity
8. Write Coca-Cola’s accounting equation as of December 31, 2022.