Presented below are selected financial data from the 2015 annual report of the Bristol-Myers Squibb Company:

Required
Using the ratio definitions from Exhibit 4.6, calculate the financial ratios for Bristol-Myers Squibb and determine whether the company is a good investment. Assume an effective tax rate of 30 percent.

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(amounts in millions) Balance sheet 2015 2014 Cash and cash equivalents. 2,385 $ 5,571 Marketable securities... 1,885 1,864 Accounts receivable (net). 4,299 3,390 Inventory 1,221 1,560 Other current assets 625 2,223 Total current assets 10,415 14,608 Total assets Current liabilities Noncurrent liabilities Shareholders' equity Income statement 31,748 33,749 8,017 8,461 9,307 10,305 14,424 14,983 Net sales.... 16,560 15,879 Cost of goods sold 3,909 3,932 Interest expense 184 203 Net income before taxes 2,077 2,381 Net income.. 1,631 2,029