Examine the segment disclosures of Abbott Laboratories reported in Appendix 3 and answer the following questions.
1. Does Abbott Laboratories define its operating segments by business or geography?
2. Determine which business segment has the greatest amount of (a) sales, (b) operating earnings, and (c) capital expenditures.
3. Which business segment has the least profitable return on assets (defined as operating earnings divided by total assets)?
4. What percentage of sales occur outside of the United States?
5. In which country other than the United States is sales the greatest?