Coca Cola Financial Statement Analysis: PPE, Depreciation expense, Intangible Assets and Amortization expense (Due on4/14/21) Make sure you state the financial statement, note number and page number of the annual report (as written on the 10K) you get your answers from; Answers without this information will earn you only half of the points assigned for a question. Please see the answers for the Chapter 7 Coca-Cola homework I posted on Canvas, as an example. 1)What major items is the PPE (net) composed of? Please indicate the items and their corresponding values for 2019. 2)What basis of valuation did Coca Cola use to report PPE? 3)How much is the depreciation expense for 2019? 4)Which depreciation method(s) did Coca Cola use in 2019? 5)What two quantitative steps did Coca Cola use in determining impairment loss of PPE (describe each step)? 6)What major items of intangible assets did Coca Cola report on its balance sheet? Please indicate the items and their values for 2019. 7)What method of amortization did Coca Cola use in 2019? 8)How much is the amortization expense for 2019? 9)What steps did Coca Cola use in determining impairment loss (describe each step) for (a) limited life intangible assets; (b) indefinite life intangible assets other than goodwill; and (c) goodwill? 10)How much (if any) is the loss on impairment of intangible assets in 2019? 11)Compute the asset turnover ratio, the profit margin on sales ratio, and return on assets for 2019? Briefly comment on Coca Cola’s performance (efficiency of asset use (i.e. asset turnover), profit margin, and ROA) in 2019.