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Analyzing Financial Statement Data Presented below are summary financial data from the Pfizer, Inc. 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate
Analyzing Financial Statement Data Presented below are summary financial data from the Pfizer, Inc. 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 Total assets $167,460 $167,566 Shareholders' equity 64,998 71,622 Income statement Net sales $49,605 $48,851 6,986 Net income 9,168 Round all answers to two decimal places. 2015 2014 20 X % 20 X % a. Return on equity b. Return on assets (levered) C. Return on sales (levered) 2 x % 20 X % 20 x % 20 X % d. Total asset turnover 20 X 20 X e. Financial leverage 20 X 20 X
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