Can you calculate the equity ratios for 2002 and 2003?

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 2002, it's 2.2 billion shares are valued in the stock market for USD 132 billion. Given the following data for Merck &Co. Inc., calculate the equity ratios for 2003 and 2002. Then comment on the results:

2003 2002

Stockholders' Equity 14,832,400,000 13,241,600,000

Total equities 39,910,400,000 35,634,900,000

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