Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the following Balance Sheet and income statement please give the following: -Gross profit ratio -Return on assets -Profit margin -Asset turnover 2017 Assets Current
Using the following Balance Sheet and income statement please give the following:
-Gross profit ratio
-Return on assets
-Profit margin
-Asset turnover
2017 Assets Current Assets Cash and cash equivalents Short-term investments Accounts receivable (net of allowance for doubtful accounts of $210 in 2017 S 6,092 6,515 7.826 2,406 6,873 7.018 and $195 in 2016) Inventories (excludes inventories of $1,187 in 2017 and $1,117 in 2016 5,096 4,299 24,766 4.866 4.389 30,614 classified in Other assets- see Note 7) Other current assets Total current assets Investments Property. Plant and Equipment (at cost) Land Buildings Machinery, equipment and office furnishings Construction in progress 365 412 11,726 11.439 14,649 14,053 2,301 29,041 16,602 12,439 18,284 14,183 6,075 27,775 15.749 12.026 Less: accumulated depreciation Goodwill Other Intangibles, Net Other Assets 17.305 S 87.872 $ 95.377 Liabilities and Equity Current Liabilities Loans payable and current portion of long-term debt Trade accounts payable Accrued and other current liabilities Income taxes payable Dividends payable s 3,057 $ 568 3,102 2,807 10,427 10.274 2,239 Total current liabilities Long-Term Debt Deferred Income Taxes Other Noncurrent Liabilities Merck & Co., Inc. Stockholders' Equity 708 1,320 18,614 21,353 2,219 24.274 5.077 Common stock, $0.50 par value Authorized 6,500,000,000 shares Issued 3,577.103,522 shares in 2017 and 2016 Other paid-in capital Retained earnings Accumulated other comprehensive loss 1,788 1.788 39,902 39,939 1,350 44.133 78,130 80,634 Less treasury stock, at cost: 880.491.914 shares in 2017 and 828,372.200 shares in 2016 43,794 40,546 Total Merck&Co., Inc. stockholders' equity Noncontrolling Interests 34.336 233 34.569 40.308 S 87,872 $95.377Step 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