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Pfizer Inc. provides the following as of December 31, 2022: Balance Sheet: Cash: $10 billion Accounts Receivable: $8 billion Inventory: $5 billion Total Current Assets:

Pfizer Inc. provides the following as of December 31, 2022:

  • Balance Sheet:
    • Cash: $10 billion
    • Accounts Receivable: $8 billion
    • Inventory: $5 billion
    • Total Current Assets: $23 billion
    • Total Assets: $120 billion
    • Accounts Payable: $10 billion
    • Short-term Debt: $3 billion
    • Long-term Debt: $40 billion
    • Shareholders’ Equity: $67 billion
  • Income Statement:
    • Revenue: $70 billion
    • Cost of Goods Sold: $35 billion
    • Operating Expenses: $20 billion
    • Interest Expense: $1.5 billion
    • Tax Rate: 25%

Requirements:

  1. Compute the quick ratio.
  2. Calculate the return on equity (ROE).
  3. Determine the gross profit margin.
  4. Assess the debt-to-asset ratio.

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