Write a report regarding the non-GAAP measure of Merck.

Please go to Mercks latest filed annual, and find the non-GAAP measure disclosed by the company. The non-GAAP measure is typically presented in Item 7 Managements Discussion and Analysis of Financial Condition and Results of Operation. Some companies call the results of non-GAAP measures the adjusted operating profits, adjusted earnings, or comparable adjustments. Based on your findings of the non-GAAP disclosure in the 10-K,

please write a report (2 pages) and include the following items in the report:

1. Name and description of the business of the company (10%)

2. The type of accounts (revenues, expenses, debt, operating profits, earnings per share, etc.) whose results are reported in non-GAAP measures (20%)

3. The difference between the non-GAAP result and GAAP result for the accounts (if disclosed). Is the non-GAAP result better than the GAAP result? (10%)

4. The type of adjustments (such as excluding special or one-time items from GAAP results, or re-compute the revenues or expenses using another method, etc.) (10%)

5. The companys reason to report the non-GAAP measures (20%)

6. Your own opinion on whether the non-GAAP measures represent a better way for you to understand the performance of the company. Describe your reasoning. (20%)

7. Please write the report with proper structure and layout, annotated tables or figures, and free from grammatical errors. (10%)