Accessing SEC reports and Calculating Ratios

Access the financial reports for the fiscal year ending in $2022$ at the SEC website for Medtronic and Boston Scientific, two competitors in the medical device industry.

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

$ millions Medtronic Boston Scientific

Total assets, beginning of fiscal year Answer $1$

Answer $2$

Total assets, end of fiscal year Answer $3$

Answer $4$

Average total assets Answer $5$

Answer $6$

Net income $($consolidated$)$ Answer $7$

Answer $8$

Revenue Answer $9$

Answer $10$

b$.$ Calculate the following ratios for each company.

Medtronic, $ millions Numerator $/$ Denominator $=$ Result

Return on assets $($ROA$)$ Answer $11$

$/$ Answer $12$

$=$

Profit margin $($PM$)$ Answer $13$

$/$ Answer $14$

$=$

Asset turnover $($AT$)$ Answer $15$

$/$ Answer $16$

$=$

Boston Scientific, $ millions Numerator $/$ Denominator $=$ Result

Return on assets $($ROA$)$ Answer $17$

$/$ Answer $18$

$=$

Profit margin $($PM$)$ Answer $19$

$/$ Answer $20$

$=$

Asset turnover $($AT$)$ Answer $21$

$/$ Answer $22$

$=$

c$.$ Which company has the better ROA? Answer $23$

d$.$ Which of the following is true? As compared to Boston Scientific, Answer $24$