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Analyzing Asset Management Effectiveness Presented below are selected financial data from the Bristol-Myers Squibb 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate

Analyzing Asset Management Effectiveness Presented below are selected financial data from the Bristol-Myers Squibb 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios for 2015 and 2014. (amounts in millions) 2015 2014 Balance sheet Accounts receivable (net) $4,299 $3,390 Inventory 1,221 1,560 Income statement Net sales $16,560 $15,879 Cost of goods sold 3,909 3,932 Round all answers to two decimal places. 2015 2014 Accounts receivable turnover Receivable collection period days days Inventory turnover Inventory-on-hand period days days

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