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Analyzing Financial Statement Data Presented below are summary financial data from the Bristol-Myers Squibb annual...

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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

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