Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Prepare common size income statement for 2019 and 2018 Consolidated Statement of Income Merck & Co., Inc. and Subsidiaries Years Ended December 31 ($ in
Prepare common size income statement for 2019 and 2018
Consolidated Statement of Income Merck & Co., Inc. and Subsidiaries Years Ended December 31 ($ in millions except per share amounts) 2019 $ 46,840 2018 2017 $ 42,294 $ 40,122 Sales Costs, Expenses and Other Cost of sales Selling, general and administrative Research and development Restructuring costs Other (income) expense, net 14,112 10,615 9,872 638 139 35,376 11,464 1,687 9,777 (66) 9,843 $ 13,509 10,102 9,752 632 (402) 33,593 8,701 2,508 6,193 (27) 6,220 12,912 10,074 10,339 776 (500) 33,601 6,521 4,103 2,418 24 $ 2,394 Income Before Taxes Taxes on Income Net Income Less: Net (Loss) Income Attributable to Noncontrolling Interests Net Income Attributable to Merck & Co., Inc. Basic Earnings per Common Share Attributable to Merck & Co., Inc. Common Shareholders Earnings per Common Share Assuming Dilution Attributable to Merck & Co., Inc. Common Shareholders $ $ 3.84 $ 2.34 $ 0.88 $ 3.81 $ 2.32 $ 0.87
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started