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Analyzing Financial Statement Data Presented below are summary financial data from the Bristol-Myers Squibb annual report. Using the ratio definitions from Exhibit 4.6, calculate the
Analyzing Financial Statement Data Presented below are summary financial data from the Bristol-Myers Squibb annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios for Year 1 and Year 2.
(amounts in millions) | Year 1 | Year 2 |
---|---|---|
Balance sheet | ||
Total assets | $30,635 | $28,338 |
Shareholders' equity | 10,402 | 11,408 |
Income statement | ||
Net sales | $19,780 | $19,607 |
Net income | 2,388 | 3,000 |
Round all answers to two decimal places.
Year 1 | Year 2 | |||
---|---|---|---|---|
a. Return on equity | Answer | % | Answer | % |
b. Return on assets (levered) | Answer | % | Answer | % |
c. Return on sales (levered) | Answer | % | Answer | % |
d. Total asset turnover | Answer | Answer | ||
e. Financial leverage | Answer | Answer |
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