Accounting exercise help me solve it
Hello,
I am not, necessary, looking for the answer.
But I need someone to help me solve this following exercise, by indicating the step that will lead me to the answer:
" Merck & Co., Inc. is a world leader in the discovery, development, manufacture and
marketing of a broad range of human and animal health products. The company, which has 70,000
employees, spends over USD 2 billion every year on the research and development of new drugs. As of
the end of 2, its 2.2 billion shares are valued in the stock market for a total of USD 132 billion. Given
the following data for Merck, calculate the equity ratios for 2003 and 2002. Then comment on the results.
2003 2002
Stockholders' equity USD 14,832,400,000 USD 13,241,600,000
Total equities USD 39,910,400,000 USD 35,634,900,000 ".
Thanks.
I am not, necessary, looking for the answer.
But I need someone to help me solve this following exercise, by indicating the step that will lead me to the answer:
" Merck & Co., Inc. is a world leader in the discovery, development, manufacture and
marketing of a broad range of human and animal health products. The company, which has 70,000
employees, spends over USD 2 billion every year on the research and development of new drugs. As of
the end of 2, its 2.2 billion shares are valued in the stock market for a total of USD 132 billion. Given
the following data for Merck, calculate the equity ratios for 2003 and 2002. Then comment on the results.
2003 2002
Stockholders' equity USD 14,832,400,000 USD 13,241,600,000
Total equities USD 39,910,400,000 USD 35,634,900,000 ".
Thanks.
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