Based on the following figures, make comment on What is important measure of financial success for Pfizer? What are critical drivers of financial performance? Why are performance measures important and What type of performance measures are used?

1. TOTAL MARGIN = NET INCOME/ TOTAL REVENUE

FY 2020: 9159 / 41651 = 21.9%

FY 2021: 21,979 /81288 = 27.04%

1. ROA= NET INCOME / TOTAL ASSETS

FY2020: 9159 / 154,229 = 5.94%

FY2021: 21979 /181,476 = 12.11%

1. ROE: NET INCOME/ TOTAL EQUITY

FY2020: 9159 / 63,473 = (0.144) 14.42%

FY2021: 21,979 / 77,462 = (0.283) 28.37%

1. Working capital= Current Assets - Current Liabilites

FY2020: 35,067 - 25,920 = 9,147

FY2021: 59,693-42,671 = 17,022

Variance: 7,875 (186.09% more than 2020)

1. Current ratio= Current Assets / Current Liabilities

FY2020: 35,067/25,920 = 1.35 times

FY20221: 59,693-42,671 = 1.40 times

Variance: 0.05 times more than 2020

1. DEBT RATIO: TOTAL DEBT / TOTAL ASSETS

*TOTAL DEBT = TOTAL LIABILITIES

FY2020: 90,756/154,229 = 0.59

FY2021: 104,013/ 181,476 = 0.57

1. CAPITALIZATION RATIO: TOTAL DEBT/TOTAL EQUITY

FY 2020: 90,756/63473 = 1.43

FY2021: 104,013/77462 =1.34

1. FIXED ASSET TURNOVER RATIO: TOTAL REVENUE/ NET FIXED ASSETS

FY2020: 41,651/13,745 = 3.09

FY2021: 81,288/14,882 = 5.46

1. Days in A/R = Net Receivables/Net Rev/365

= 54 DAYS