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	$30,635	$28,338
Shareholders' equity	10,402	11,408
Income statement
Net sales	$19,780	$19,607
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