QUESTION 2 Not complete Points out of 2.00 P Flag question Analyzing Noncurrent

Question

QUESTION 2 Not complete Points out of 2.00 P Flag question Analyzing Noncurrent Asset Disclosures The following are financial data taken from the 2015 annual report of Pfizer, Inc (amounts in millions) Net sales Gross property, plant and equipment Accumulated depreciation Intangible assets (net) 2015 2014 $48,851 $49,605 27,268 24,988 (13,502) (13,226) 40,356 35,166 Calculate the following ratios for Year 1 and Year 2 2015 2014 Intangible asset turnover. Bbund to two decimal places Fixed asset turnover. Round to two decimal places Accumulated depreciation divided by gross fixed assets Round ta one decimal place Check

Explanation / Answer

Intangible Asset Turnover = Net Sales / Intangible Assets

2015 = $48,851 / $40,356

.........= 1.21

2014 = $49,605 / $35,166

.........= 1.41

Fixed Asset Turnover = Net Sales / Fixed Assets

2015 = $48,851 / ($27,268 - $13,502)

.........= 3.55

2014 = $49,605 / ($24,988 - $13,226)

.........= 4.22

Accumulated Depreciation Divided by Gross Fixed Asset

2015 = $13,502 / $27,268

.........= 49.52%

2014 = $13,226 / $24,988

.........= 52.93%

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