Download Pfizers 2015 - 2019 annual report (search Pfizer Investor Relations). Locate the firms Balance sheet and answer the following:

Conduct a liquidity analysis for the period 2015 - 2019.

Present, in chart or graph format, each ratio for each of the corporations. For example:

Category: Short-Term Liquidity Ratio

Pfizer Company Merck & Co.

Current Ratio 1.6 1.2

The calculations used to determine the answers for the ratio analysis must be included

For each ratio, comment on:

What is the relative position of each of the corporations?

What is being measured?

What does it mean?

At the end of each category/section, comment on:

As a category, what is being measured?

Who are the users of this information?