Given the following data for Merck, calculate the equity ratios for 2003 and 2002. Then comment on…
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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
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