Financial Information for Merck:

Financial Information for Pfizer:

Accessing SEC reports and Calculating Ratios Access the 2015 financial reports at the SEC websites for Pfizer Inc. and Merck & Co., two close competitors in the pharmaceutical industry. Pfizer's financial reports are available here: Pfizer 2015 financial reports Merick's financial reports are available here: Merck 2015 financial reports a. Use data from the companies' balance sheets and income statements to complete the following table. $ millions Pfizer Merck Total assets $ $ Revenue Net income b. Compute the ROA and the components for profit margin and asset turnover for each company. Round all answers to two decimal places. For example, asset turnover is rounded like this: 0.34567 = 0.35; all other percentage ratios are rounded like this: 0.12345 = 12.35%. To simplify computations, use year-end balance for total assets to compute ratios. Pfizer Merck Return on assets (ROA) Profit margin (PM) Asset turnover (AT)