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Presented below are summary financial data from the Bristol-Myers Squibb 2018 annual report. Using the ratio...

Presented below are summary financial data from the Bristol-Myers Squibb 2018 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios: return on equity, return on assets(levered), return on sales(levered), asset turnover, and financial leverage. Does the company appear to be a good investment? Why or why not?

(amounts in millions)

2018 2017

Balance sheet

Total assets- $34,986 $33,551

Shareholders equity- 14,127 11.847

Income statement

Net sales- $22,561 $20,776

Net income- 4,920 1,007

  

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