Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

UU P.764 HeuucLUI.CUexmap/index.html?con=con&external browse CHAPTER 3 - RATIO. CLASS ACTIVITY O Saved 2 The following data were taken from the 2016 annual reports of Biogen

image text in transcribed
UU P.764 HeuucLUI.CUexmap/index.html?con=con&external browse CHAPTER 3 - RATIO. CLASS ACTIVITY O Saved 2 The following data were taken from the 2016 annual reports of Biogen Idec, Inc and Amgen Inc. Both companies are leaders in biotechnology. All dollar amounts are in millions 25 points Total assets Total liabilities Stockholders' equity Net income Biogen Idec December 31, 2016 $22,876.8 10,743.2 12,128.6 3.782.8 Angen December 31, 2016 $77,626 47,751 29,875 7.722 eBook Print Required a. For each company, compute the debt-to-assets ratio, return-on-assets ratio, and return-on-equity ratio. b. Which company has the greatest level of financial risk? c. Which company appears to have managed its assets most efficiently d. Which company performed better from the perspective of the owners? Referenses Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D For each company, compute the debt-to-assets ratio, return-on-assets ratio, and return-on-equity ratio. (Round your answers to 1 decimal place.) Debt to Assets Return on Assets Return on Equity % Biogen Amgen % Renu Required B >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Pauline Weetman

8th Edition

129224447X, 9781292244471

More Books

Students also viewed these Accounting questions

Question

16.3 Describe the purpose of Canadian labour laws.

Answered: 1 week ago

Question

16.6 Outline the three waysto obtain union recognition.

Answered: 1 week ago

Question

16.5 Describe the five steps in a union organizing campaign.

Answered: 1 week ago