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Problem 4-13 (Static) Use of ratios to compare two companies in the same industry [LO4-10] Presented below are condensed financial statements adapted from those of

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Problem 4-13 (Static) Use of ratios to compare two companies in the same industry [LO4-10] Presented below are condensed financial statements adapted from those of two actual companies competing in the pharmaceutic industry-Johnson and Johnson and Pfizer, Incorporated (\$ in millions, except per share amounts). This is before income from discontinued operations. Evaluate and compare the two companies by responding to the following questions: Note: Because two-year comparative statements are not provided, you should use year-end balances in place of average balances as appropriate. Required: 1. For both companies, compute the ratios below. Note: Consider 365 days a year. Do not round intermediate calculations. Round "Asset Turnover" answers to 3 decimal places, average days to whole numbers, and other final answers to 2 decimal places

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