The following financial information is known about Pfizer, Inc. for the year ended December 31, 2015. (all amounts in millions): yom

a. The balance of cash and cash equivalents was \($3,641\).

b. Short-term investments have a fair market value of \($19,649\).

c. Gross accounts receivable total \($8,560\), which includes \($384\) that is not expected to be collected.

d. Inventory has a cost basis of \($7,513\).

e. Current tax assets total \($2,662;\) other current assets total \($2,163\), and long-term investments total \($15,999\).

f. Property, plant and equipment have a cost basis of \($27,268\) and accumulated depreciation of \($13,502\).
g. Intangible assets have a cost basis of \($89,396\) and accumulated amortization of \($49,040\).
h. Noncurrent deferred tax assets, other taxes assets, and other noncurrent assets total \($5,293\) and Goodwill totals \($48,242\).
i. Accounts payable total \($3,620;\) accrued expenses payable total \($15,619;\) and, short-term borrowings total \($10,160\).
j. Long-term debt totals \($28,818\), and pension and post-retirement benefit obligations total \($8,119\).
k. Noncurrent deferred tax liabilities \($26,877\), and other taxes payable and noncurrent liabilities of \($9,249\).
l. Shareholders’ equity totals \($64,720\), composed of retained earnings of \($71,993\), other comprehensive income (loss) of \($(9,522),\) treasury stock of negative \($79,252\), and contributed capital of \($81,501\). Equity attributable to noncontrolling interests totals \($278\).
Required:

Prepare a balance sheet for Pfizer, Inc. as of December 31, 2015. Calculate Pfizer’s total debt to total assets ratio and long-term debt-to-equity ratio and evaluate the results.