Income Statement Analyses of Coca Cola

The Income Statement and Common size Income Statement of Coca cola Company for the year 2011 - 2010

Standard Income

Statement

Common Size Income Statement

Year

2011

2010

2009

2011

2010

2009

Net Sales

1561239.0

1514599.0

1442986.0

100.00

100.00

100.00

Cost of Goods Sold

931996.00

873783.00

822992.00

59.70

57.69

57.03

Gross Profit

629243.00

640816.00

619994.00

40.30

42.31

42.97

Operating Expense

Selling & Administrative

541713.00

544498.00

525491.00

34.70

35.95

36.42

Total Operating Expense

541713.00

544498.00

525491.00

34.70

35.95

36.42

Operating Income (Loss)

87530.00

96318.00

94503.00

5.61

6.36

6.55

Other Income/Expense

35979.00

35127.00

37379.00

2.30

2.25

2.59

Earnings before Taxes

51551.00

61191.00

57124.00

3.30

4.04

3.96

Income Taxes

19528.00

21649.00

16581.00

1.25

1.43

1.15

Net Earnings

32023.00

39542.00

40543.00

2.05

2.61

2.81

Earnings per common share

3.11

3.93

4.16

Gross Profit Margin

40.30

42.31

42.97

Operating Profit Margin

5.61

6.36

6.55

Net Profit Margin

2.05

2.61

2.81

Average Tax Rate

60.98

54.75

40.90

Calculation of Profitability measurement

Gross Profit Margin for 2011 = Gross profit / Net Sales

= 629243.00 / 1561239.00 = 40.30%

Operating Profit Margin for 2011 = Operating Income / Net sales = 87530.00 / 1561239.00 = 5.61 %

Net Profit Margin for 2011 = Net Profit / Net ...