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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 % % b. Return on assets (levered) % % c. Return on sales (levered) % % d. Total asset turnover e. Financial leverage
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