The following information was taken from the 2008 annual report of Bristol-Myers Squibb, a world-leading drug company (dollars in millions).

Prepare and income statement, balance sheet, and statement of cash flows, and comment on the financial performance and condition of thecompany.

Transcribed Image Text:

Cost of goods sold Cash and equivalents S 7.976 $6.396 Short-term borrowings Advertising and product expense Accounts payable Long-term liabilities Net sales Property, plant. and equipment Net cash from operations Accounts receivable Restructuring expense Net cash from financing Shareholders" equity Net cash from investing Research and dev, expense 3.707 154 1.550 3.710 1.535 10.601 20.597 5.405 2.788 2.085 4.792 2.936 218 (2.582) 12.241 5.079 3.585 Other current assets Other current liabilities Selling and adm. expenses Accrued payables Other noncurrent assets Other expenses Marketable securities 9.384 901 289