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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

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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

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