Accessing SEC reports and Calculating Ratios Access the 2012 financial reports at the SEC websites for Pfizer Inc. and Merck & Co., two close competitors in the pharmaceutical industry. Pfizer's financial reports are available here: Pfizer 2012 financial reports Merick's financial reports are available here: Merck 2012 financial reports

Use data from the companies' balance sheets and income statements to complete the following table.

$ millionsPfizerMerckTotal assetsRevenueNet income

$Millions   Pfizer Merck

Total assets	$0	0
Revenue	0	0
Net income	0	0

Compute the ROA and the components for profit margin and asset turnover for each company.

Round answers to two decimal places (example: 0.12345 = 12.35%).
To simplify computations, use year-end balance for total assets to compute ratios.

  Pfizer Merck

Return on assets (ROA)	0%	0%
Profit margin (PM)	0%	0%
Asset turnover (AT)	0	0

Answer rating: 100% (QA)

SOLUTION First well need to gather the necessary data from the balance sheets and income statements ... View the full answer