Access the Data Analytic worksheet at www.wiley.com/go/pratt/financialaccounting11e. a. Create a table that compares the performance of Merck
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Access the Data Analytic worksheet at www.wiley.com/go/pratt/financialaccounting11e.
a. Create a table that compares the performance of Merck and Abbvie, competing drug manufacturers, on operating expenses as a percent of sales and long-term asset turnover for 2018 and 2017.
b. For the two companies, link your analysis in (a) to return on assets through the effects on profit margin and total asset turnover.
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a Operating expenses as a percent of sales 2018 Merck 254 Abbvie 259 2017 Merck 251 Abbvie 254 Longt...View the full answer
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