Merck Company is one of the world 's largest pharmaceutical companies The following data were taken from the company 's 2008 annual report Required a Compute Merck 's price earnings ratio for March 2, 2009, and March 3, 2008 b Did the financial markets appear to be more optimistic about Merck 's fu...

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Merck & Company is one of the world's largest pharmaceutical companies. The following data were taken from

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Merck & Company is one of the world's largest pharmaceutical companies. The following data were taken from the company's 2008 annual report.

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a. Compute Merck's price-earnings ratio for March 2, 2009, and March 3, 2008.

b. Did the financial markets appear to be more optimistic about Merck's future performance on March 3, 2008, or March 2, 2009?

c. Based on the information provided, estimate approximately how many shares of stock Merck had outstanding as of December 31, 2008.

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Fundamental Financial Accounting Concepts

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Authors: Thomas Edmonds

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Merck & Company is one of the world's largest pharmaceutical companies. The following data were taken from

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Fundamental Financial Accounting Concepts

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