Question: Analyzing Financial Statements Presented below are selected financial data from the 2015 annual report of the Bristol-Myers Squibb Company: (amounts in millions) Balance sheet 2015


Analyzing Financial Statements Presented below are selected financial data from the 2015 annual report of the Bristol-Myers Squibb Company: (amounts in millions) Balance sheet 2015 2014 Cash and cash equivalents Marketable securities Accounts receivable (net) Inventory Other current assets Total current assets Total assets Current liabilities Noncurrent liabilities Shareholders' equity $2,385 $5,571 1,885 1,864 3,390 1,221 1,560 625 2,223 10,415 14,608 31,748 33,749 8,017 8,461 9,307 10,305 14,424 14,983 4,299 Income statement Net sales Cost of goods sold Interest expense Net income before taxes Net income $16,560 $15,879 3,909 3,932 203 2,0772,381 1,631 2,029 184
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