Analyzing Financial Statement Data Presented below are summary financial data from the Bristol-Myers Squibb annual...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Analyzing Financial Statement Data Presented below are summary financial data from the Bristol-Myers Squibb annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios for Year 1 and Year 2.
| (amounts in millions) | Year 1 | Year 2 |
|---|---|---|
| Balance sheet | ||
| Total assets | $30,435 | $28,138 |
| Shareholders equity | 10,202 | 11,208 |
| Income statement | ||
| Net sales | $19,380 | $19,207 |
| Net income | 2,388 | 3,000 |
Round all answers to two decimal places.
| Year 1 | Year 2 | |||
|---|---|---|---|---|
| a. Return on equity | Answer | % | Answer | % |
| b. Return on assets (levered) | Answer | % | Answer | % |
| c. Return on sales (levered) | Answer | % | Answer | % |
| d. Total asset turnover | Answer | Answer | ||
| e. Financial leverage | Answer | Answer |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.