Acc 561 Week 1 Financial Statements Select A Publicly Traded, U.s

Financial StatementsNameCourseTutor’s NameDateFinancial StatementsFinancial statements provide creditors, investors and other interested parties with pertinent information regarding a company’s resources, sources of capital and future earnings capacity based on assets controlled and cash flows, Liabilities are the obligations of a company resulting from past activities. Settlement of liabilities is expected to result in an outflow of economic benefits from the company.The most important use of financial statement analysis is provision of information to stakeholders. Financial statement analysis gives investors a base for deciding on investing their funds. Financial statement analysis helps government in analyzing taxes owed by businesses. Therefore, financial statement analysis provides information on both the economic standing and profitability of a business. This paper will analyze the financial statements of the Coca Cola Company (KO) (Atrill & McLaney, 2013).Full Coca Cola Company financial statements for the financial years 2016 and 2017 are attached.Coca Cola Company Abridged Balance Sheet (values in 000's)Period Ending:12/31/201712/31/2016Current AssetsTotal Current Assets$36,545,000$34,010,000Long-Term AssetsTotal Assets$87,896,000$87,270,000Current LiabilitiesAccounts Payable$9,158,000$9,797,000Total Current Liabilities$27,194,000$26,532,000Long-Term Debt$31,182,000$29,684,000Total Liabilities$70,824,000$64,208,000Stock Holders EquityCommon Stocks$1,760,000$1,760,000Capital Surplus$15,864,000$14,993,000Retained Earnings$60,430,000$65,502,000Treasury Stock($50,677,000)($47,988,000)Other Equity($10,305,000)($11,205,000)Total Equity$17,072,000$23,062,000Total Liabilities & Equity$87,896,000$87,270,000In the financial year, ending 31