Pfizer (PFE)

7. Debt and Leverage: Calculate the total debt ratio, debt to equity ratio, equity multiplier, and times interest earned ratio for each of the last five years.

8. Analyze the debt/leverage trend (by individual ratio and in total) and determine whether the asset efficiency has been volatile, improved, declined, or stayed the same during this period.

9. Dividend Policy: Calculate the dividend per share amount, dividend yield, payout ratio, and retention ratio for each of the last five years.

10. Analyze the dividend ratio trends and determine the trend (by individual ratio and in total) and determine whether the asset efficiency has been volatile, improved, declined, or stayed the same during this period. Does the company appear to have a specific dividend strategy? If yes, what is it?

11. DuPont Identity: Calculate the DuPont Identity and ratio components for each of the last five years.

12. Analyze the changes from year to year and determine what factors had the most significant effects on the change in return on equity each year.