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Accessing SEC reports and Calculating Ratios Access the 2016 financial reports at the SEC websites for Pfizer Inc. and Merck & Co., two close competitors

Accessing SEC reports and Calculating Ratios Access the 2016 financial reports at the SEC websites for Pfizer Inc. and Merck & Co., two close competitors in the pharmaceutical industry. Pfizer's financial reports are available here: Pfizer 2016 financial reports Merick's financial reports are available here: Merck 2016 financial reports a. Use data from the companies' balance sheets and income statements to complete the following table.

$ millions Pfizer Merck
Total assets Answer

Answer

Revenue Answer

Answer

Net income Answer

Answer

b. Compute the ROA and the components for profit margin and asset turnover for each company. Round answers to two decimal places (example: 0.12345 = 12.35%). To simplify computations, use year-end balance for total assets to compute ratios.

Pfizer Merck
Return on assets (ROA) Answer

Answer

Profit margin (PM) Answer

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Asset turnover (AT) Answer

Answer

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