What is the FY2017 return on assets (ROA) for Coca Cola? ROA is defined as: FY2017 net income / (average total assets between FY2016 and FY2017). Round your answer to two decimal places. Give a response to the question by relying on the details shown in the balance sheet and the P&L statement.
THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
Year Ended December 31,
2017
 
2016
 
2015
(In millions except per share data)
 
 
NET OPERATING REVENUES
$
35,410
 $
41,863
 $
44,294
Cost of goods sold
13,256
 
16,465
 
17,482
GROSS PROFIT
22,154
 
25,398
 
26,812
Selling, general and administrative expenses
12,496
 
15,262
 
16,427
Other operating charges
2,157
 
1,510
 
1,657
OPERATING INCOME
7,501
 
8,626
 
8,728
Interest income
677
 
642
 
613
Interest expense
841
 
733
 
856
Equity income (loss) net
1,071
 
835
 
489
Other income (loss) net
(1,666) 
(1,234) 
631
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
6,742
 
8,136
 
9,605
Income taxes from continuing operations
5,560
 
1,586
 
2,239
NET INCOME FROM CONTINUING OPERATIONS
1,182
 
6,550
 
7,366
Income from discontinued operations (net of income taxes of $47, $0 and $0, respectively)
101
 

 

CONSOLIDATED NET INCOME
1,283
 
6,550
 
7,366
Less: Net income attributable to noncontrolling interests
35
 
23
 
15
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF
 THE COCA-COLA COMPANY
$
1,248
 $
6,527
 $
7,351
 
 
 
 
Basic net income per share from continuing operations1
$
0.28
 $
1.51
 $
1.69
Basic net income per share from discontinued operations2
0.02
 

 

BASIC NET INCOME PER SHARE
$
0.29
3 $
1.51
 $
1.69
Diluted net income per share from continuing operations1
$
0.27
 $
1.49
 $
1.67
Diluted net income per share from discontinued operations2
0.02
 

 

DILUTED NET INCOME PER SHARE
$
0.29
 $
1.49
 $
1.67
AVERAGE SHARES OUTSTANDING BASIC
4,272
 
4,317
 
4,352
Effect of dilutive securities
52
 
50
 
53
AVERAGE SHARES OUTSTANDING DILUTED
4,324
 
4,367
 
4,405
1 Calculated based on net income from continuing operations less net income from continuing operations attributable to noncontrolling
interests.
2 Calculated based on net income from discontinued operations less net income from discontinued operations attributable to noncontrolling
interests.
3 Per share amounts do not add due to
rounding.
Refer to Notes to Consolidated Financial Statements.
72
0.01
The metric in question was calculated using other simpler metrics. The various simpler metrics (from the current and, if relevant, previous fiscal year(s)) used were:

Metric 1: Net income. This metric was located in the 10K as a single line item named: NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY.

Metric 2: Total assets. This metric was located in the 10K as a single line item named: TOTAL ASSETS.