Note that Merck has noncontrolling interests and the financial statements provide information about both the...
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Accounting
Note that Merck has noncontrolling interests and the financial statements provide information about both the total enterprise and about Merck after the noncontrolling interests. You will have to make some choices about which numbers to use in calculating ratios. As an example, Return on Sales can only be calculated for the whole enterprise, but return on common stockholders' equity should be calculated for the Merck common shareholder after the effect of noncontrolling interests
Note that Merck has noncontrolling interests and the financial statements provide information
about both the total enterprise and about Merck after the noncontrolling interests. You will have
to make some choices about which numbers to use in calculating ratios. As an example, Return
on Sales can only be calculated for the whole enterprise, but return on common stockholders'
equity should be calculated for the Merck common shareholder after the effect of noncontrolling
interests
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