Exhibit 4.6 is the very first table

Analyzing Financial Statements Presented below are selected financial data from the 2015 annual report of the Bristal-Myers Squibb Company (amounts in millions) Balance sheet Cash and cash equivalents Marketable securities Accounts receivable (net) Inventory Other current assets 2015 2014 $2,385 1,885 1,864 4,299 3,390 1,221 $5571 1,560 2,223 10,415 14,608 31,748 33.749 8,017 625 Total current assets Total assets Current liabilities Noncurrent liabilities Shareholders' equity Income statement 8,461 9,307 10,305 14,424 14,983 $16,560 $15,879 3,909 Net sales Cost of goods sold Interest expense Net income before taxes 3,932 203 2,381 1,631 2,029 184 2,077 Net income Required Using the ratio definitions from Exhibit 4.6, calculate the financial ratios for Bristol-Myers Squibb and determine whether the company is a good investment. Assume an effective tax rate of 30 percent Round all answers to two decimal places. 2015 2014 Profitability Return on shareholders' equity (ROE) Return on assets (ROA) Return on sales (ROS)-levered Gross profit margin ratio Asset Management Accounts receivable turnover Receivable collection period Inventory turnaver Inventory-on-hand period Total asset turnover Liquidity Cash and marketable securities to total assets Quick ratio Current ratio Solvency Long-term debt to total assets Long-term debt to shareholders' equity Interest coverage ratio 1.35 x 1.13x% 0.06x% 0.06x% 0.98 x 1.3 x 7.6x % 7.5x 3.85 4.68 77.92 days 2.52 144.84 days 0.47 94.5x days 3.2 114.1 X days 0.52 1.3 x % 2.2x 1.07 1.28 1.3 1.73 5.56 x 5.46 x% 12.01 x% 12.52 x 10.29 x 10.73 x Check