1. Calculate the ratios for Johnson & Johnson and Pfizer Inc. To do this, you will need to search online to locate the latest 2 annual financial statements for these companies (dont use the TTM one). Copy and paste the URL for the financial statements in the box under the company name. See the example worksheet for guidance.
   1. Please note that for most ratios, you will only need to use the latest annual financial statement, but for some you may need to calculate the average which will require using the latest 2.
   2. Be sure to show your work.
   3. You can assume that preferred dividends are 0 for any calculations even if they are not actually 0.
2. For each ratio, note which one of the companies has the better ratio and why it is better.
3. Paste a screenshot of the price for each company at the end of the worksheet.

Johnson & Johnson (JNJ)

Pfizer Inc. (PFE)

Which companys ratio is better and why?

Working Capital Ratio (WCR)

Earnings Per Share (EPS)

Price-Earnings Ratio (P/E)

Return on Equity (ROE)

Operating Margin

Debt-to-Assets

Inventory Turnover

Operating Cash Flow Ratio

Asset Turnover

Days Sales in Inventory

Return on Assets

Price Screenshot: