Question: 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

 Analyzing Financial Statement Data Presented below are summary financial data from

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 96 96 96 96 a. Return on equity b. Return on assets (levered) C. Return on sales (levered) d. Total asset turnover e. Financial leverage 96 96

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