Question: Comparing Profitability Ratios for Competitors Selected 2020 income statement data for Abbott Laboratories, Bristol-Myers Squibb Company, Johnson & Johnson, GlaxoSmithKline plc, Pfizer, Inc., and Moderna,

Comparing Profitability Ratios for Competitors Selected 2020 income statement data for Abbott Laboratories, Bristol-Myers Squibb Company, Johnson & Johnson, GlaxoSmithKline plc, Pfizer, Inc., and Moderna, Inc., is presented in the following table: Abbott Bristol-Myers J & J Glaxo Pfizer Moderna (millions) Sales revenue $34,608 $42,518 $82,584 34,099 $41,908 $803 Cost of sales 15,003 11,773 28,427 11,704 8,692 8 SG&A expense 9,696 7,661 22,084 11,456 11,615 188 R&D expense 2,420 11,143 12,159 5,098 9,405 1,370 Interest expense 546 1,420 201 892 1,449 10 Net income (loss) 4,495 -8,995 14,714 6,388 9,652 -747

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