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Accessing SEC Reports and Calculating Ratios Access the financial reports for the fiscal year ending in 2018 at the SEC website (http://www.sec.gov) for Medtronic and
Accessing SEC Reports and Calculating Ratios Access the financial reports for the fiscal year ending in 2018 at the SEC website (http://www.sec.gov) for Medtronic and Boston Scientific, two competitors in the medical device industry. a. Use data from the companies' balance sheets and income statements to complete the following table. Round answers to the nearest million, when applicable. Boston S millions Medtronic Scientific Total assets, beginning of fiscal years $ Total assets, end of fiscal year Average total assets Net income (consolidated) Revenue b. Calculate the following ratios for each company. Use rounded answers from above to compute answers. Round ROA and PM to one decimal place (ex: 9.6%). Round AT to two decimal places (ex: 0.52). . Medtronic Boston Scientific 96 96 Return on assets (ROA) Profit margin (PM) Asset turnover (AT) 96 96 c. Which company has the better ROA? Accessing SEC Reports and Calculating Ratios Access the financial reports for the fiscal year ending in 2018 at the SEC website (http://www.sec.gov) for Medtronic and Boston Scientific, two competitors in the medical device industry. a. Use data from the companies' balance sheets and income statements to complete the following table. Round answers to the nearest million, when applicable. Boston S millions Medtronic Scientific Total assets, beginning of fiscal years $ Total assets, end of fiscal year Average total assets Net income (consolidated) Revenue b. Calculate the following ratios for each company. Use rounded answers from above to compute answers. Round ROA and PM to one decimal place (ex: 9.6%). Round AT to two decimal places (ex: 0.52). . Medtronic Boston Scientific 96 96 Return on assets (ROA) Profit margin (PM) Asset turnover (AT) 96 96 c. Which company has the better ROA
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