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Suppose the following information was taken from the 2017 financial statements of pharmaceutical giant Merck and Co. (All dollar amounts are in millions.) Retained earnings,

Suppose the following information was taken from the 2017 financial statements of pharmaceutical giant Merck and Co. (All dollar amounts are in millions.)

Retained earnings, January 1, 2017 $45,815.5
Cost of goods sold 8,625.4
Selling and administrative expenses 8,778.3
Dividends 3,479.8
Sales revenue 41,266.2
Research and development expense 6,331.7
Income tax expense 2,969.6

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