Accounting excersise- Can you please help me find the solution?
Exercise M 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
Stockholders' equity USD 14,832,400,000 USD 13,241,600,000
Total equities USD 39,910,400,000 USD 35,634,900,000
I know I must calculate the equity ratio. For some reason, I self-study, therefore need the exact answer. Thanks.
- gojuryuLv 66 years agoFavorite Answer
Calculate the percentage differential first. IE, 14.8324 INTO 132. Then transpose as a ratio.
Your comments will be about the difference and I would hope reasons for it you should have discussed in class.