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Consider Johnson & Johnson ( JNJ ) and Pfeizer ( PFE ) . What have been their balance sheet debt - equity ratios over the

Consider Johnson & Johnson (JNJ) and Pfeizer (PFE). What have been their balance sheet debt-equity ratios over the past 10 years? What have been their market value debt-equity ratios over the past 10 years? Based on your results, do you find evidence of an ideal (sweet spot) capital structure in the Drug Manufacturing industry or do you think the companies are following a different approach? Explain.

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